# South Korea's NOFI Purchased About 60,000 Tonnes Of

> South Korea's Nonghyup Feed (NOFI) bought about 60,000 tonnes of soymeal from traders in a closed-door deal at an estimated US$348.58 per tonne cost and freight, with cargoes from South America due October to November. Major Feedmill Group also bought about 60,000 tonnes at an international tender the same day, with the seller believed to be Cofco.

- Date: 2025-08-29 · published 2025-08-29T12:00:00.000Z
- Category: trade · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/23432-south-korea-s-nofi-purchased-about-60-000-tonnes-of
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Large Korean purchases for Q4 arrival support South American soymeal demand and indicate prevailing export prices near $349 CFR, which is useful for feed buyers gauging meal costs.

## Read by commodity

- SBM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-05-14 | [South Korea's NOFI purchases about 60,000 T of soymeal from traders](https://feedsoft.ai/events/24795-south-korea-s-nofi-purchases-about-60-000-t-of-soymeal-from-traders.md) | +1.5% | +2.5% |
| SBM | 2026-01-28 | [South Korean Feed Manufacturers Association buys 60,000 tonnes of soybean meal from US, China, and South America \| eFeedLink](https://feedsoft.ai/events/21182-south-korean-feed-manufacturers-association-buys-60-000-tonnes-of-soybean-meal.md) | -0.5% | +7.5% |
| SBM | 2017-02-28 | [South Korea: NOFI looking for soybean meal, rapeseed](https://feedsoft.ai/events/72574-south-korea-nofi-looking-for-soybean-meal-rapeseed.md) | -0.6% | -4.8% |
| SBM | 2019-12-10 | [China steps up US soybean purchases as trade talks drag on](https://feedsoft.ai/events/55447-china-steps-up-us-soybean-purchases-as-trade-talks-drag-on.md) | +1.6% | +0.1% |
| SBM | 2018-08-07 | [China may have to resume U.S. soybean purchases in weeks: Oil World](https://feedsoft.ai/events/63416-china-may-have-to-resume-u-s-soybean-purchases-in-weeks-oil-world.md) | -0.7% | -6.6% |

## Sources

- marinelink.com: https://www.marinelink.com/blogs/blog/south-koreas-nofi-purchased-about-60000-tonnes-of-soymeal-from-103246

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