South Korea Signs New Contracts for Importing Feed Corn
The South Korean feed market continues to actively purchase feed corn to ensure stable supplies in 2025. On May 6, the Korea Feed Association (KFA) purchased 65,000 tons of feed corn from Dreyfus under a private agreement. The purchase price was $247.99 C&F, with an additional unloading fee at the second port of $1.25 per ton. This batch of corn is expected to arrive in South Korea by August 20, 2025.
This is reported by AgroReview
Purchases by Other South Korean Companies
Additionally, major feed producer Major Feedmill Group (MFG) has also made purchases of feed corn with deliveries scheduled between August 5 and August 20, 2025. The main suppliers are:
- Mitsui – 65,000 tons at $243.3 per ton
- CHS – 65,000 to 70,000 tons at $248.4 per ton
- ADM – 66,000 tons at $242.97 per ton
- Bunge – 66,000 tons at $243.3 per ton
The terms of the contracts include the same unloading fee at the second port – $1.25 per ton.
Importance of Imports for the Industry
Regular updates to feed corn stocks are a key factor for the stable operation of the feed and livestock sectors in South Korea. The signing of new contracts with leading global traders indicates the commitment of South Korean companies to minimize supply disruption risks and ensure quality feed supply for the country’s agricultural sector.
“The purchase price was $247.99 C&F plus an unloading fee at the second port of $1.25 per ton.”