February 3, 2005

South Korea NOFI buys 53,000 MT South American soymeal from Bunge

South Korea's Nonghyup Feed Inc., or NOFI, bought 53,000 metric tons of South American soybean meal from trading house Bunge in private negotiations concluded late last week, according to a Seoul-based trader on Wednesday.

NOFI bought one cargo of South American soymeal at $230.95 a ton, cost and freight to South Korea June 20.

Bunge will discharge the cargo at the ports of Incheon, Kunsan and Ulsan at rates of 6,500 tons a day, 3,500 tons a day and 3,000 tons a day, respectively. Half the cargo is to be discharged at Incheon port, the trader said.