# South Korea: NOFI looking for soybean meal, rapeseed

> South Korea's largest feed producer, Nonghyup Feed (NOFI), issued an international tender to buy up to 55,000 metric tons of soybean meal and 24,000 tons of canola meal. Delivery is requested for early July. Offers were due on the day of the notice.

- Date: 2017-02-28 · published 2017-02-28T12:00:00.000Z
- Category: trade · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/72574-south-korea-nofi-looking-for-soybean-meal-rapeseed
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A sizable Korean tender adds import demand for soymeal and canola meal, which can support export prices for those meals.

## Read by commodity

- SBM: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-12-03 | [Soybean meal pulls soybeans, corn higher – KORN News Radio](https://feedsoft.ai/events/11709-soybean-meal-pulls-soybeans-corn-higher-korn-news-radio.md) | +2.4% | +13.0% |
| 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 | 2025-08-29 | [South Korea's NOFI Purchased About 60,000 Tonnes Of](https://feedsoft.ai/events/23432-south-korea-s-nofi-purchased-about-60-000-tonnes-of.md) | -2.7% | -6.0% |
| SBM | 2026-04-10 | [Canada Know-Risk Market Outlook \| Soybean Meal Rallies on Strong Demand](https://feedsoft.ai/events/11667-canada-know-risk-market-outlook-soybean-meal-rallies-on-strong-demand.md) | +4.4% | +2.0% |
| SBM | 2023-10-27 | [Soybean Meal-Corn Ratio Nearing Highest Levels in Three Years](https://feedsoft.ai/events/33764-soybean-meal-corn-ratio-nearing-highest-levels-in-three-years.md) | -0.1% | +7.3% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/newsticker-south-korea-nofi-looking-soybean-meal-rapeseed-meal-and-canolaschrot-2017

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