May 19, 2005

South Korea's MFG buys 55,000 tonnes US soymeal from Glencore

A member of South Korea's Major Feedmill Group (MFG) bought 55,000 tonnes of South American soymeal from trading house Glencore in a tender concluded Thursday, a company official said.

The MFG member bought one cargo of soymeal at US$246.50 per tonne, cost and freight to the port of Incheon Sept. 15, the official said.

The buyer is also a member of Korea Feed Association in Seoul.