March 23, 2005

South Korea's MFG buys 52,500 tonnes of US corn from Cargill

A member of South Korea's Major Feedmill Group (MFG) bought 52,500 tonnes of US No. 3 corn from trading house Cargill in a tender concluded Tuesday, a Seoul-based trader said.

MFG bought one cargo of US corn at $153.22 a tonne, cost and freight to the port of Incheon for arrival May 25, the trader said.