South Korea bought estimated 204,600 T rice mainly from China, traders say
South Korea’s Agro-Fisheries & Food Trade Corp. has recently procured approximately 204,600 metric tons of rice through an international tender. The majority of the purchase, about 174,600 tons of short brown rice, was sourced from China at prices ranging between $876 to $882 per ton cost and freight (c&f). Additionally, the procurement included around 17,000 tons of medium brown rice from the United States, acquired at $839 per ton c&f, along with smaller volumes from Thailand and Vietnam. The rice is scheduled for delivery to South Korea from August 2024 to June 2025.
HAMBURG, July 15 (Reuters) -South Korea’s state-backed Agro-Fisheries & Food Trade Corp. purchased an estimated 204,600 metric tons of rice mainly to be sourced from China in an international tender which closed earlier in July, European traders said on Monday.
The purchase included about 174,600 tons of short brown rice from China, bought at between $876 to $882 a ton c&f, they said.
It also included about 17,000 tons of medium brown rice from the United States bought at $839 a ton c&f and some small volumes from Thailand and Vietnam, they said.
Most sales were made by Korean trading house Posco, they said, with two others making smaller sales. The rice was for arrival in South Korea between August 2024 and June 2025, they said.
