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HAMBURG, Could 6 (Reuters) – South Korea’s largest animal feed maker Nonghyup Feed Inc (NOFI) bought animal feed corn in a global tender for as much as 276,000 tonnes, European merchants mentioned.
The volumes purchased had been initially unclear however mentioned to be near the 276,000 tonnes sought within the tender, which closed on Thursday.
4 consignments had been purchased from 4 buying and selling homes at premiums over Chicago September corn futures, they mentioned.
Buying and selling home Cofco bought one consignment at a premium of $2.37, Avere bought one at a premium of $2.35, Pan Ocean bought one at a $2.37 premium and ADM additionally bought one at a $2.37 premium.
All of the purchases have an extra $1.50 a tonne surcharge for extra port unloading.
NOFI sought corn in 4 consignments of between 45,000 and 69,000 tonnes. Sellers can resolve the amount to be provided inside this vary.
For the primary consignment for arrival round Sept. 1, cargo was sought between July 30 and Aug. 18 if sourced from the U.S. Pacific Northwest coast. If from the U.S. Gulf or east Europe, cargo was looked for July 10-29. From South America cargo was looked for July 5-24 whereas cargo from South Africa was sought between July 15 and Aug. 3.
For the second consignment, for arrival round Sept. 10, cargo was sought between Aug. 8-27 if sourced from the U.S. Pacific Northwest coast, between July 19 and Aug. 7 from the U.S. Gulf or east Europe, between July 14 and Aug. 2 from South America or between July 24 and Aug. 12 from South Africa.
For the third consignment for arrival round Oct. 5, cargo was sought over Sept. 2-21 if sourced from the U.S. Pacific Northwest coast, between Aug. 13 and Sept. 1 from the U.S. Gulf or east Europe, Aug. 8-27 from South America or between Aug. 18 and Sept. 6 from South Africa.
For the fourth consignment for arrival round Oct. 15, cargo was sought between Sept. 12 and Oct. 1 if sourced from the U.S. Pacific Northwest coast, between Aug. 23 and Sept. 11 from the U.S. Gulf or east Europe, between Aug. 18 and Sept. 6 from South America or between Aug. 28 and Sept. 16 from South Africa.
(Reporting by Michael Hogan Modifying by David Goodman)
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