South Korea bought about 4,000 tonnes GMO-free soybeans - trade

One 4,000 tonnes consignment was purchased at an estimated $948.72 a tonne

  
Image used for illustrative purpose. Soy beans are seen at a Grobocopatel Hermanos company storage plant in Carlos Casares, Argentina April 16, 2018. Picture taken April 16, 2018.

Image used for illustrative purpose. Soy beans are seen at a Grobocopatel Hermanos company storage plant in Carlos Casares, Argentina April 16, 2018. Picture taken April 16, 2018.

REUTERS/Agustin Marcarian

HAMBURG - South Korea’s state-backed Agro-Fisheries & Food Trade Corp. has bought about 4,000 tonnes of soybeans free of genetically-modified organisms (GMOs) in an international tender for about 7,600 tones which closed on Wednesday, European traders said on Thursday.

One 4,000 tonnes consignment was purchased at an estimated $948.72 a tonne c&f from trading house SingSong for arrival between Sept. 10 and Oct. 20.

Offers for around 3,600 tonnes also sought were rejected and no purchase made, they said.

(Reporting by Michael Hogan) ((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54; Reuters Messaging: michael.hogan.thomsonreuters.com@reuters.net))


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