# SunSirs: South Korean Feed MFG Buys 60,000 Tons of Soybean Meal at a Price of $431/ton

> South Korean feed manufacturer MFG bought 60,000 tonnes of soybean meal from Bangji Company at a CNF price of $430.97 per tonne, including port unloading fees. The cargo is expected to ship from South America in December 2024 and arrive in South Korea around January 28, 2025.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: trade · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/29314-sunsirs-south-korean-feed-mfg-buys-60-000-tons-of-soybean-meal-at-a-price-of
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A forward purchase at about $431 per tonne CNF gives a reference price for South American soymeal delivered to Asia. The deal is a routine sale and only a modest signal for overall meal demand.

## Read by commodity

- SBM: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-06-30 | [South Korea's NOFI Offers Up To 60,000 Tonnes Of](https://feedsoft.ai/events/24348-south-korea-s-nofi-offers-up-to-60-000-tonnes-of.md) | -1.2% | -1.4% |
| SBM | 2021-03-31 | [South Korea's NOFI tenders for 60,000 tonnes soymeal - Markets - Business Recorder](https://feedsoft.ai/events/48204-south-korea-s-nofi-tenders-for-60-000-tonnes-soymeal-markets-business-recorder.md) | +2.3% | +5.4% |
| SBM | 2020-06-02 | [China buys U.S. soybeans after halt to U.S. purchases ordered: sources](https://feedsoft.ai/events/52462-china-buys-u-s-soybeans-after-halt-to-u-s-purchases-ordered-sources.md) | +1.9% | -0.9% |
| SBM | 2025-10-29 | [India's soybean meal exports fall by 11% due to high prices - The Economic Times](https://feedsoft.ai/events/22478-india-s-soybean-meal-exports-fall-by-11-due-to-high-prices-the-economic-times.md) | +3.4% | +2.2% |
| SBM | 2024-09-27 | [China's oil mills realised most of their soybean meal stocks](https://feedsoft.ai/events/28384-china-s-oil-mills-realised-most-of-their-soybean-meal-stocks.md) | +2.7% | -5.1% |

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-19223.html

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