Korea Feed Group Said to Buy 53,000 Tons of Corn in Private Transaction

The Korea Feed Association, South Korea’s biggest grain-buying group, purchased 53,000 metric tons of corn via private negotiations yesterday, according to two industry executives familiar with the deal. The group paid $270.25 a ton on a cost-and-freight basis for the grain due for arrival by Dec. 20, the executives said today, asking not to be identified because details of the trade are confidential.

To contact the reporter on this story: Jae Hur in Singapore at jhur1@bloomberg.net

• Tweet
• More
  • Business Exchange
  • Buzz up!
  • Digg
• Print
• Email