February 18, 2005

South Korea Dongah buys 22,000 MT US wheat from Mitsubishi

South Korea's Dongah Flour Mills Co. bought 22,000 metric tons of US No. 1 wheat from trading house Mitsubishi in a tender concluded Thursday, according to a Dongah official.

Dongah bought one cargo of milling wheat at prices ranging from $142.85-$178.49 a ton, free on board from the Pacific Northwest to be shipped March 20-April 20.

Below are details of Dongah's tender Thursday:

Quantity    Variety                                Prices

(tons)      (% of protein)                      ($/ton)

3,000       Soft White 10.5%                142.85

5,500       Soft White 10%                   143.21

2,000       Soft White 9.5%                  147.00

  500       Soft White 8.5%                   163.24

6,500       Hard Red Winter 11.5%       148.63

4,500       Dark Northern Spring 14%   178.49