March 17, 2005

South Korea's NOFI buys 36,000 tonnes of China corn from Daewoo

South Korea's Nonghyup Feed Inc., or NOFI, bought 36,000 tonnes of Chinese corn from Korean trading house Daewoo in a tender concluded late Wednesday, a Seoul-based trader said.

NOFI bought three small cargoes, each with 12,000 tonnes of Chinese corn, at $143.34 per tonne after cost and freight, the trader said.

Below are details of NOFI's buy tender on Wednesday:

Quantity   Origin     Arrival         Destination

(tonnes)                  Date

12,000    China      May 25          Mokpo

12,000    China      June 15         Mokpo

12,000    China      June 30         Mokpo