The corn purchased is scheduled to arrive in South Korea by September, with expectations that it will be sourced from South America and South Africa. The estimated price for the corn was $234.46 per ton, which includes cost and freight, with an additional $1.50 for port unloading. Mitsui, a trading house, is believed to be the seller.
The second portion of the consignment, which was for up to 69,000 tonnes, was not purchased in the tender. These details were provided by European traders, and future estimates regarding prices and volumes are still possible. The report was prepared by Michael Hogan.
