September 8, 2004

South Korea Daehan Flour Buys 10,200 MT Wheat From Mitsubishi

South Korea's Daehan Flour Mills Co. bought 10,200 metric tons of U.S. No. 1 wheat from Japanese trading house Mitsubishi in a tender concluded Wednesday, said a Daehan company official.

Daehan bought one cargo of milling wheat of various grades and varieties at prices ranging from $145.14-$179.90 a ton, free on board to South Korea.

Daehan will negotiate in separate talks for the freight rate, the official said.

The cargo is set to be shipped between Nov. 20 and Dec. 20 from the Pacific Northwest, said the official.

Below are the details of Daehan's tender Wednesday:

Quantity             Variety                                         Prices

(tons)            (% protein level)                                ($/ton)

5,200            Western white/Soft White 10.5%           145.14

1,500            Hard Red Winter 11.5%                        155.24

3,500            Dark Northern Spring 14%                    179.90