August 17, 2006

South Korea's KFA buys 165,000 tonnes US corn in tender

The Korea Feed Association has bought a combined 165,000 tonnes of US-origin corn from trading houses Bunge and Archer Daniels Midland in a tender concluded Wednesday (Aug 16), said an association official.

A first shipment of 55,000 tonnes will reach Inchon Nov 10 and will be supplied by Bunge at US$166.14/tonne.

A second shipment of 55,000 tonnes will reach Inchon Nov 20 and will also be supplied by Bunge, at US$167.86/tonne.

A third shipment of 55,000 tonnes will reach Inchon Nov 30. It will be supplied by Archer Daniels Midland at US$168/tonne.