South Korea’s state-backed Agro-Fisheries & Food Trade Corp. purchased an estimated 20,500 metric tons of rice to be sourced mostly from Vietnam in an international tender seeking up to 78,744 tons which closed on November 5, European traders said on Wednesday.
Of the total, 20,000 tons will be sourced from Vietnam and 500 tons from Thailand.
Arrival in South Korea was sought in the tender for a series of consignments between December 15, 2025, and June 30, 2026.
The corporation often takes some weeks to award purchases in tenders, often requesting that samples are sent to Korea for testing.
The purchase comprised four 5,000-ton consignments of Vietnamese broken rice, with two bought from trading house MH Ethanol at $344.86 and $328.36 a ton cost and freight included (c&f) and two from Posco International at $334.50 and $332.90 a ton c&f.
Another 500 tons of Thai Hom Mali white rice was purchased from LCI at $1,046 a ton c&f.
No purchase was reported of up to 56,944 tons of non-glutinous brown short-grain rice from China also sought in the tender.
Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.
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