South Korea's FLC Receives Offers for 65,000 Ton Feed Wheat Tender

South Korea's FLC has received offers for a 65,000-tonne feed wheat tender. The offers were made by several bidders, with details not disclosed. The tender is for feed wheat to be delivered in August or September. The bidders will now undergo a technical evaluation before FLC makes a final decision on the contract.

South Korea's Feed Leaders Committee (FLC) has been actively sourcing animal feed ingredients in the global market. Recently, the committee received offers for a 65,000-tonne feed wheat tender [1]. Although the identities of the bidders remain undisclosed, the technical evaluation process has commenced.

According to a report by Hellenic Shipping News, South Korea has been an active buyer of animal feed grains, including corn and wheat, in both domestic and international tenders [2]. In the same report, Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) announced its intention to purchase a total of 104,483 tonnes of food-quality wheat from the United States, Canada, and Australia [2].

The global demand for animal feed grains, such as wheat and corn, has increased due to the growing livestock industry and the need to maintain animal health [3]. As a result, countries like South Korea and Japan have been actively sourcing these grains from various origins to ensure a stable supply.

The technical evaluation process is a crucial step in the tender process, as it allows the FLC to assess the quality and suitability of the offered feed wheat [1]. Once the evaluation is complete, the FLC will make a final decision on the contract, awarding it to the successful bidder.

References:
[1] MarketScreener. (2023, March 15). South Korea's FLC gets offers in 65,000 T feed wheat tender. https://www.marketscreener.com/news/latest/South-Korea-s-FLC-gets-offers-in-65-000-T-feed-wheat-tender-49031554/
[2] Hellenic Shipping News. (2023, March 14). South Korea buys corn, feed wheat, Japan seeks milling wheat. https://www.hellenicshippingnews.com/south-korea-buys-corn-feed-wheat-japan-seeks-milling-wheat/
[3] United Nations. (2022). The State of Food Security and Nutrition in the World 2022. https://www.fao.org/state-of-food-security-nutrition/en/