South Korea’s KFA launches tender for up to 138,000 tonnes of maize – traders


Adds shipping periods from possible worldwide origins from paragraph three

HAMBURG, March 17 (Reuters)The Korea Feed Association (KFA) has launched an international tender to buy up to 138,000 tons of maize for animal feed from optional sources, European traders said Thursday.

The deadline for submitting price offers in the call for tenders is also Thursday, March 17.

The Busan branch of KFA is looking for the maize in two batches of 50,000 to 69,000 tons, with the seller free to decide the volume offered within this range.

The first shipment is due to arrive in South Korea around June 10. Shipment is wanted May 7-26 if corn is from the Pacific Northwest coast of the United States, April 17-May 6 if from the Gulf region of the United States or Black Sea/ Eastern Europe, from April 12 to May 1 if from South America and from April 22 to May 11 if from South Africa.

The second shipment is due to arrive in South Korea around June 15. Shipment is wanted May 12-31 if the corn is from the US Pacific Northwest coast, April 22-May 11 if it is from the US Gulf or Sea region Black/ Eastern European, from April 17 to May 6 if from South America and from April 27 to May 16 if from South Africa.

Interest in Asian buying was sparked after Chicago corn futures fell on Wednesday under pressure from continued ceasefire talks between Ukraine and Russia after fighting broke out. stopped massive shipments of corn from Ukraine.

(Reporting by Michael Hogan, editing by Jason Neely)

((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54; Reuters Messaging: michael.hogan.thomsonreuters.com@reuters.net))

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