October 11, 2004

South Korea Dongah Flour Buys 18,000 MT US Wheat From Cargill

South Korea's Dongah Flour Mills Co. bought 18,000 metric tons of U.S. No. 1 milling wheat from trading house Cargill in a tender concluded Friday, said a Dongah Flour official.

Dongah Flour bought one cargo of milling wheat at prices ranging from $146.47-$179.60 a ton, free on board from the U.S., the official said.

Dongah Flour will fix the ocean freight rate in separate talks with a local shipper, said the official.

The cargo is set to be shipped between Nov. 20-Dec. 20 from Portland in the Pacific Northwest.

Below are the details of Dongah Flour's buy tender Friday:

Quantity           Variety                              Prices
(tons)             (%=protein content)             ($/ton)
3,900              Soft White 10.5%                  146.47
3,500              Soft White 10%                     147.20
  600              Soft White 8.5%                     151.62
5,200              Hard Red Winter 11.5%          157.42
4,800              Dark Northern Spring 14%      179.60