May 24, 2004

South Korea's NOFI Bought 50,000 MT Corn In Private Deal Fri

South Korea's Nonghyup Feed Inc., or NOFI, bought 50,000 metric tons of optional-origin corn from an unknown seller in a private deal concluded Friday, a Seoul-based trader said Monday.

NOFI agreed to pay $157 a ton for corn of China origin or $163/ton for corn from any other origin, the trader said.

The cargo is for Sept. 25 arrival and will be discharged at both Incheon and Kunsan ports, the trader said.