# South Korea's NOFI seeks Russian feed wheat offers first time since Ukraine invasion

> South Korea's Nonghyup Feed Inc. issued an international tender seeking Russian feed wheat offers for April 2024 arrival, the first such move by a South Korean feedmiller since the invasion of Ukraine. Offers from Australia, Eastern Europe and South America have reportedly dwindled or fallen short on quality. Russian feed wheat offers to Asia have been declining.

- Date: 2023-11-22 · published 2023-11-22T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/12257-south-korea-s-nofi-seeks-russian-feed-wheat-offers-first-time-since-ukraine
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Feed buyers turning to Russian origin signals tightening alternative supply in Asia, supporting feed wheat prices and shifting trade flows.

## Read by commodity

- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-08-06 | [Egypt's GASC buys 415,000 T of Russian, Romanian and Ukrainian wheat - traders](https://feedsoft.ai/events/57481-egypt-s-gasc-buys-415-000-t-of-russian-romanian-and-ukrainian-wheat-traders.md) | +0.1% | -3.0% |
| WHEAT | 2019-09-01 | [Ukraine Benefits from Slow Start to Russia’s Wheat Exports - Russia Business Today](https://feedsoft.ai/events/56934-ukraine-benefits-from-slow-start-to-russia-s-wheat-exports-russia-business-today.md) | -2.3% | +1.7% |
| WHEAT | 2021-07-14 | [Asia’s corn buyers seek bargains, but feed wheat remains priority - UkrAgroConsult](https://feedsoft.ai/events/45912-asia-s-corn-buyers-seek-bargains-but-feed-wheat-remains-priority-ukragroconsult.md) | +1.5% | +0.1% |
| WHEAT | 2025-01-21 | [Export prices for barley in Ukraine reached the level of corn and feed wheat prices](https://feedsoft.ai/events/26576-export-prices-for-barley-in-ukraine-reached-the-level-of-corn-and-feed-wheat.md) | +3.4% | +5.7% |
| WHEAT | 2021-01-13 | [First rice, now wheat: India rides on global grain trade bandwagon \| India News - The Indian Express](https://feedsoft.ai/events/49098-first-rice-now-wheat-india-rides-on-global-grain-trade-bandwagon-india-news-the.md) | +1.4% | -4.7% |
| CORN | 2021-11-23 | [Ukraine. ARIA Commodities consigned wheat to Turkey, corn to South Korea 23.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/14534-ukraine-aria-commodities-consigned-wheat-to-turkey-corn-to-south-korea-23-11.md) | -3.9% | -0.1% |
| CORN | 2023-03-29 | [U.S. grains: Wheat up on Cargill's Russia decision - AgCanada](https://feedsoft.ai/events/5080-u-s-grains-wheat-up-on-cargill-s-russia-decision-agcanada.md) | -0.1% | -1.3% |
| CORN | 2023-11-09 | [Council Offers U.S. Corn, DDGS Production Updates At Market Outlook Conference In Korea - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/33272-council-offers-u-s-corn-ddgs-production-updates-at-market-outlook-conference-in.md) | -1.5% | -1.0% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/112223-south-koreas-nofi-seeks-russian-feed-wheat-offers-first-time-since-ukraine-invasion

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.