South Korean Nonghyup Feed Inc. (NOFI) purchased around 133,000 MT

South Korean Nonghyup Feed Inc. (NOFI) purchased around 133,000 MT of feed corn in аn international tender on Tuesday, March 11.The corn was purchased in two consignments for arrival in South Korea in June:1) 65,000 MT was bought from Pan Ocean at 250.99 $/mt c&f+1.5 $/mt surcharge for additional port unloading2) 68,000 MT was bought from ADM at a premium of 157.49 USc/bu c&f over the Chicago corn contract (~250.4 $/mt c&f)+1.25 $/mt surcharge for additional port unloadingThus, leading South Korean animal feed producer Nonghyup Feed Inc. (hashtag#NOFI) purchased approximately 133,000 metric tons of animal feed corn at an average cost of ≈ $0.25/kilogram.

Thailand's TFMA buys August shipment feed wheat

An importer group in Thailand Thailand Facility Management Association : TFMA purchased about 60,000 MT of optional origin feed wheat in a tender that closed on Tuesday, March 4.
The feed wheat was bought from Al Ghurair Foods and Resources at around 255 $/mt hashtag#CIF liner out for August shipment

The Indian government has almost completed the sale of wheat from state reserves

The Indian government has almost completed the sale of wheat from state reserves, having sold 2.97 million tons out of the planned 3 million tons.
It is noted that despite efforts to stabilize prices, the situation has not improved dramatically. Thus, the cost of wheat in the domestic market remains higher than the planned 2.425 rupees / quintal, and at the last auction the selling price varied from 2.54 to 3.275 rupees / quintal.

Brazil plans to temporarily lift import duties on a number of agricultural products

Brazil plans to temporarily abolish import duties on a number of agricultural food products to curb price increases, reports Economic Truth, citing the Financial Times.