March 16, 2005

South Korea's NOFI to seek 88,500 tonnes of corn in tender

South Korea's Nonghyup Feed Inc., or NOFI, will seek 52,500 tonnes of optional-origin corn and 36,000 tonnes of Chinese corn in a buy tender to be held at 0700 GMT Wednesday, a Seoul-based trader said on Tuesday.

NOFI will buy one cargo of 52,500 tonnes of optional-origin corn and three 12,000-tonne cargoes of Chinese corn, the trader said.

Below are details of the buy tender:

Quantity   Origin     Arrival         Destination

(tonnes)                  Date

52,500    Optional   June 20         Incheon, Ulsan

                                                 or Pusan

12,000    China      May 25          Mokpo

12,000    China      June 15         Mokpo

12,000    China      June 30         Mokpo