February 25, 2005

South Korea Daehan Flour buys 20,000 MT US wheat from CGI

South Korea's Daehan Flour Mills Co. bought 20,000 metric tons of US No. 1 wheat from trading house Columbia Grains International in a tender concluded Thursday, according to a Daehan official.

Daehan bought one cargo of US milling wheat at prices ranging from $145.61-$181.11 a ton, free on board from the Pacific Northwest.

Daehan also chartered the freight at $50 a ton, he said.

The cargo is to be shipped April 5-May 5 from the Pacific Northwest to the port of Incheon.

Below are details of Daehan's buy tender Thursday:

Quantity      Variety                                 Prices

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

6,000         Soft White 10.5%                    145.61

1,000         Soft White 8.5%                      167.70

4,500         Hard Red Winter 11.5%           157.76

8,500         Dark Northern Spring 14%       181.11