The Korea Feed Association (KFA) purchased 110,000 tonnes of corn which can be sourced optionally from the United States, South America or east Europe in a tender which closed on Friday, European traders said on Monday. Some 50,000 tonnes was purchased by the KFA's Busan section at $207.60 a tonne c&f for July 10 arrival plus a $1.00 a tonne surcharge for additional port unloading, traders said.
Another 60,000 tonnes was purchased by KFA Busan at $208.89 a tonne c&f for July 30 arrival plus a $1.50 a tonne surcharge for additional port unloading, traders said.