South Korean group mfg bought estimated 50,000 to 60,000 metric tons soy meal, traders say

South Korea's Major Feedmill Group (MFG) has reportedly secured between 50,000 and 60,000 metric tons of soybean meal in recent private transactions, according to traders. The purchases were made without international tenders, with cost and freight prices ranging(https://www.linkedin.com/posts/teodor-chistol_south-korea-contracts-50000-tons-of-soybean-activity-7458400262379016192-S2JS)(https://www.marinelink.com/blogs/blog/south-koreas-mfg-purchases-63000-tons-of-soymeal-from-traders-103366) from $349.97 to $414.79 per ton, depending on the origin and terms of the deal.

One transaction involved 60,000 tons of soymeal at $373.42 per ton C&F, with an expected arrival in South Korea around June 14, 2025. Another deal, dated May 7, involved 50,000 tons at $414.79 per ton C&F, with delivery scheduled for August 3, 2019. A third transaction included 63,000 tons at $349.97 per ton, with an expected arrival by January 30.

The origin of the soymeal varied across the transactions, with South American, Chinese, and U.S. sources all mentioned as potential suppliers. Traders noted that the flexibility in sourcing reflects ongoing adjustments to global supply dynamics and price volatility. These purchases highlight MFG's active role in securing feedstock amid fluctuating international markets.