AGL 38.40 Decreased By ▼ -0.08 (-0.21%)
AIRLINK 192.20 Decreased By ▼ -10.82 (-5.33%)
BOP 9.73 Decreased By ▼ -0.44 (-4.33%)
CNERGY 5.95 Decreased By ▼ -0.59 (-9.02%)
DCL 8.75 Decreased By ▼ -0.83 (-8.66%)
DFML 37.00 Decreased By ▼ -3.02 (-7.55%)
DGKC 94.00 Decreased By ▼ -4.08 (-4.16%)
FCCL 34.80 Decreased By ▼ -0.16 (-0.46%)
FFBL 84.00 Decreased By ▼ -2.43 (-2.81%)
FFL 12.92 Decreased By ▼ -0.98 (-7.05%)
HUBC 122.80 Decreased By ▼ -8.77 (-6.67%)
HUMNL 13.55 Decreased By ▼ -0.47 (-3.35%)
KEL 5.05 Decreased By ▼ -0.56 (-9.98%)
KOSM 7.11 Decreased By ▼ -0.16 (-2.2%)
MLCF 43.50 Decreased By ▼ -2.09 (-4.58%)
NBP 59.82 Decreased By ▼ -6.56 (-9.88%)
OGDC 212.50 Decreased By ▼ -8.26 (-3.74%)
PAEL 36.96 Decreased By ▼ -1.52 (-3.95%)
PIBTL 8.27 Decreased By ▼ -0.64 (-7.18%)
PPL 189.25 Decreased By ▼ -8.63 (-4.36%)
PRL 38.40 Decreased By ▼ -0.63 (-1.61%)
PTC 24.30 Decreased By ▼ -1.17 (-4.59%)
SEARL 102.77 Decreased By ▼ -0.28 (-0.27%)
TELE 8.30 Decreased By ▼ -0.72 (-7.98%)
TOMCL 35.40 Decreased By ▼ -1.01 (-2.77%)
TPLP 13.56 Decreased By ▼ -0.19 (-1.38%)
TREET 22.61 Decreased By ▼ -2.51 (-9.99%)
TRG 53.10 Decreased By ▼ -4.94 (-8.51%)
UNITY 32.70 Decreased By ▼ -0.97 (-2.88%)
WTL 1.55 Decreased By ▼ -0.16 (-9.36%)
BR100 11,527 Decreased By -363.7 (-3.06%)
BR30 35,778 Decreased By -1578.8 (-4.23%)
KSE100 107,117 Decreased By -3953.5 (-3.56%)
KSE30 33,639 Decreased By -1270.5 (-3.64%)

HAMBURG: South Korean animal feed maker Nonghyup Feed Inc. (NOFI) has bought an estimated 138,000 tonnes of animal feed corn in an international tender which closed on Thursday, European traders said.

The corn was bought for arrival in South Korea in two 69,000 tonne consignments in November in a combination of outright prices and premiums over Chicago corn futures.

The corn is expected to be sourced from South America and/or South Africa. Both consignments were bought at an estimated premium of 225 US cents a bushel c&f over the Chicago December 2022 corn contract and at an outright price of $319.45 plus a $1.75 a tonne surcharge for additional port unloading. The seller of the first consignment for arrival around Nov. 10 was believed to be trading house Bunge.

Shipment of the consignment from South America was sought for Sept. 12-Oct. 1 or from South Africa for Sept. 22-Oct.11. The second consignment for arrival around Nov. 15 was said to have been sold by Cargill. Shipment of the consignment was sought for Sept. 17-Oct. 6 from South America or from South Africa for Sept. 27-Oct. 16. About half of each consignment was sold at a premium and half at the outright price.

Asian importer interest in corn was sparked after Chicago corn fell again on Thursday as forecasts for rains in dry parts of the US Midwest raised hopes of a bumper crop. South Korean importer group MFG is also tendering for corn on Thursday.

Comments

Comments are closed.