June 4, 2004

South Korea NOFI Seeks Up To 75,250 MT Soymeal In Tender

The South Korean Nonghyup Feed Inc., or NOFI, is seeking up to 75,250 metric tons of optional-origin soymeal in a buy tender to be held at 0830 GMT Friday, a Seoul-based trader who received the tender notice said.

NOFI is going to buy two cargoes, one to arrive in South Korea October 15 and the other to arrive either November 5 or November 15. The company will choose the lowest offer, the trader said.

Seller will have option to choose one among three designated ports to discharge both cargoes, the trader said.

Below are the details of NOFI's buy tender Friday:

Quantity        Arrival Date              Ports

(tons)

25,250          Oct. 15                     Incheon, or Kunsan, or Ulsan

25,250          Nov. 15                    Incheon, or Kunsan, or Ulsan

50,000          Nov. 5                      Incheon, or Kunsan, or Ulsan