March 3, 2006

South Korea's MFG buys 55,000 tonnes American soybeans
 

South Korea's Major Feedmill Group (MFG) has bought 55,000 tonnes of South American soybeans from trading house Bunge in private negotiations concluded over the week, a trader in Seoul said Friday.

The soybeans were probably transacted in a price range of US$220-$225 a tonne and the cargo is expected to arrive in South Korea in early June, the trader said.