March 2, 2007

South Korea's KFA Pusan buys feed wheat, feed corn

The Pusan branch of Korea Feed Association bought feed wheat and feed corn from trading houses Toepfer and Mistubishi, a trader in Seoul said Friday (Mar 2).

KFA bought 55,000 tonnes of optional-origin feed wheat from Toepfer in private negotiation at US$212.20/tonne, to arrive in South Korea on Aug. 15.

It also bought up to 55,000 tonnes of optional-origin feed corn from Mitsubishi in a tender concluded late Wednesday at a price of US$223.19/tonne if the corn is of Chinese origin, or US$229.19/tonne if the corn originates from the U.S.

The price for the corn excludes a second port discharge premium of US$1.5/tonne. The shipment is due to arrive in Pusan or Ulsan ports on July 13.