February 3, 2006

South Korea's NOFI buys 55,000 tonnes of US corn
 

South Korea's Nonghyup Feed Inc bought 55,000 tonnes US-origin corn from trading house Cargill in a tender concluded Thursday, said a company official.

The corn will be supplied at a US$1.30/bushel premium over Chicago Board of Trade's April contract.

The corn will be supplied to the South Korean ports of Incheon and Ulsan between April 1 to 30.