March 10, 2005

South Korea Daehan flour buys 21,500 million tonnes US wheat from Cargill

South Korea's Daehan Flour Mills Co. bought 21,500 tonnes of US No. 1 wheat from trading house Cargill in a tender concluded Wednesday, a Daehan official said Thursday.

Daehan bought one cargo of milling wheat at prices ranging from $144.98-$182.62 a tonnes, free on board from the Pacific Northwest, the official said.

The cargo is to be shipped May 1-31 to the port of Incheon, the official said.

Below are details of Daehan's buy tender Wednesday:

Quantity        Variety                                Prices

(tonnes)        (% of protein)                   ($/tonne)

8,000           Soft White 10.5%                  144.98

6,000           Hard Red Winter 11.5%         156.58

7,500           Dark Northern Spring 14%     182.62