March 22, 2006

South Korea's KFA buys 220,000 tonnes of US feed corn

The Korea Feed Association (KFA) bought 220,000 tonnes of US-origin feed corn from trading house Cargill in a tender concluded Tuesday (Mar 21), said an official with the association.

The company bought four panamax cargoes of 55,000 tonnes each.

While 110,000 tonnes of the corn will be supplied at US$131.63/tonne for arrival at Inchon port between May 15 and Jun 18, the rest will be supplied at US$131.93/tonne for arrival in Inchon between Jun 14 and Jul 13.