South Korea tenders to buy about 70,000 T free soybeans

South Korea’s state-backed Agro-Fisheries & Food Trade Corp. has issued international tenders to purchase a total of 70,000 metric tons of food-quality soybeans free of genetically-modified organisms (GMOs), European traders said on Thursday.

The soybeans are sought from any worldwide origins to be shipped in containers.

Some 20,000 tons are sought in five consignments of 4,000 tons each with the deadline for submissions of price offers Dec. 10. Another 50,000 tons is sought in two 25,000 ton consignments with the deadline for submissions of price offers Dec. 5.

The soybeans are sought for deferred shipment for a range of delivery periods in 2026. The agency regularly buys supplies with delivery following several years later.
Source: Reuters (Reporting by Michael Hogan)