January 12, 2005

South Korea MFG Buys 52,500 MT Corn From Noble In Tender Tue

South Korea's Major Feedmill Group bought 52,500 metric tons of optional-origin corn from trading house Noble in a tender concluded Tuesday, according to an MFG official.

MFG agreed to pay either $141.50 per ton, if the corn supplied is from the US or South America, or $136/ton for Chinese corn.

Both prices are after cost and freight. The cargo is set to arrive in South Korea March 30, the official said.