January 18, 2006

South Korean companies buy 20,000 tonnes of US No. 1 wheat

South Korea's CJ Corp. and Dongah Flour Mills Ltd. bought a total of 20,000 tonnes of US No. 1 wheat from trading house Cargill in a tender concluded Wednesday, a trader in Seoul said.

The trader could not say how much each mill bought.

The entire shipment will be delivered to the South Korean port of Inchon Feb 15-Mar 15.

The following are the details of the wheat purchase tender:

Quantity            Grade            Protein          Price

(in tonnes)                         (in percent)    (US$/tonne)

 6,800             Soft White          10.5          126.51

 2,600             Soft White          9.5            126.51

 800               Soft White          8.5            127.25

 3,800             Hard Red           11.5           165.26

 6,000        Dark Northern Spring    14             185.32