March 28, 2007

South Korea's Kocopia buys 55,000 tonnes corn in tender

The Korea Corn Processing Association (Kocopia), bought 55,000 tonnes of optional-origin corn from trading house Louis Dreyfus in a tender Tuesday (Mar 27), said a company official.

The corn will be supplied at US$233.85/tonne for US or South American corn or US$223.85/tonne for Chinese corn.

The shipment is expected to arrive at Inchon June 25.