Korea Makes ‘Very Rare’ Purchases of African Corn
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South Korea, the third-largest corn buyer, imported the grain from South Africa this year after U.S. prices surged, according to trade data and buyers.
Purchases of South African corn for feed production totaled about 161,000 metric tons from January through October from nil a year ago, data on the website of the Korea International Trade Association show. Total imports of feed-corn in the period were 5.53 million tons, with the U.S. supplying 92 percent, compared with 4.89 million tons a year ago, the data show.