March 25, 2005

South Korea's Daehan buys 21,000 tonnes of US wheat from Kanematsu

South Korea's Daehan Flour Mills Co. bought 21,000 tonnes of US No. 1 wheat from Japanese trading house Kanematsu in a tender concluded Thursday, a Daehan official said.

Daehan bought one cargo of milling wheat at prices ranging from $143.67-$179.86 a tonne, free on board from the Pacific Northwest, the official said.

The cargo is to be shipped May 20-June 20 to the port of Incheon.

Below are details of Daehan's buy tender:

Quantity     Variety                            Prices

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

7,000        Soft White 10.5%               143.67

2,000        Soft White 8.5%                 155.79

4,300        Hard Red Winter 11.5%       152.30

7,700        Dark Northern Spring 14%   179.86