June 25, 2007

South Korea's Kocopia buys 55,000 tonnes of optional-origin corn

The Korea Corn Processing Association, or Kocopia, has bought 55,000 metric tonnes of optional-origin corn from trading house Toepfer in a tender concluded Friday (June 22), an association official said.

The entire shipment will be supplied at US$242.84/tonne for South American corn, or US$232.84/tonne for Chinese corn.

The shipment will arrive at Inchon port on September 25.