South Korean Buyers continue to purchase Chinese corn

Lead: Seoul, April 23 (Reuters) - South Korean feed producers have been keeping a close eye on Chinese corn prices, traders claim, and last week made a deal with C & F, which is below $98, the lowest price in more than a year Feed producers have been buying tons of Panamanian feed until September, and are expected to look good in the market But traders say many buyers are still interested in Chinese corn at current prices "We will observe the market," said a trader, one of the domestic feed producers We need to buy tons of Panamanian corn to arrive in October At present, the price of corn in China is suitable for purchasing "And added that many traders will trade because there is no other factor that could cause prices to fall further &The NACF has purchased 52500 tons of corn to arrive in August, and is considering bidding this week for another purchase of Panama tons of corn to arrive in August, as well as small quantities of corn from China Panamanian ton cargo usually means 50000-55000 tons, and small batch corn means less than 30000 tons Last week, NACF purchased 52500 tons of feed corn, and the optional corn purchased from Cargill arrived at Incheon port and Busan Port on August 30 In this trade, if it comes from the United States or South America, the price will be 0.6355 USD / bushel C & f higher than CBOT may futures If it comes from China's rise of US $0.5672/bushel C & F relative to CBOT may futures After the NACF signed the contract last Tuesday, Chinese corn prices fell further in South Korea below US $98 / ton C & F South Korean conglomerate mfg bought 52500 tons of Chinese corn The purchase price through private negotiation reached US $97.90/ton C & F in September, which is the latest lowest price trade in Panama's ton corn trade Mfg also purchased two batches of 25000 tons of Chinese corn for us $98.50/ton C & F in September and October A batch of 15000 tons of Chinese corn was purchased at a price of US $98.70/ton C & F arrived in January Importers of edible corn may take action this week The South Korean Corn Processing Industry Association expects to re tender 52500 tons of corn this week to arrive at Incheon port on September 25 The association failed to bid this month Sambaing cenex, a South Korean food producer, also needs to buy tons of Panamanian corn to arrive in late July or August In the flour milling wheat market, donga flour processing Co., Ltd and Chile jading Co., Ltd plan to jointly bid for about 20000 tons of American first-class wheat, which will arrive at Incheon port in June (author:) share to feed Weibo share to: