August 11, 2004

South Korea's MFG To Seek 55,000 MT Soymeal In Tender Wed

South Korea's Major Feedmill Group will seek 55,000 metric tons of soymeal in a tender to be held at 0800 GMT Wednesday, said a company official.
 
MFG will buy one cargo of either U.S. or South American soymeal to arrive at the port of Incheon Dec. 10, the official said.
 
In terms of U.S. soymeal, suppliers can choose to provide 54%, 56% or 58% protein content levels. In the case of South American soymeal, suppliers can choose to provide 45.50% or 48% protein content levels.
 
MFG will accept the offer with the lowest price and highest possible protein content, the official said.