South Korea’s MFG buys about 60,000 metric tons soymeal -traders

South Korea’s Major Feedmill Group (MFG) purchased an estimated 60,000 metric tons of soymeal expected to be sourced from optional origins in a deal on Wednesday, European traders said.

It was bought at an estimated $448.53 a ton c&f. Trading house Cofco was believed to be the seller.

The MFG had sought soymeal for June arrival in South Korea.

Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.
Source: Reuters (Reporting by Michael Hogan)