October 11, 2004

South Korea Daehan Flour Buys 20,000 MT US Wheat From Mitsui

South Korea's Daehan Flour Mills Co. bought 20,000 metric tons of U.S. No. 1 milling wheat from Japanese trading house Mitsui in a tender concluded Friday, said a Daehan Flour official.

Daehan Flour bought one cargo of milling wheat at prices ranging from $146.25-$179.97 a ton, free on board from the U.S., the official said.

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

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

Quantity           Variety                                 Prices
(tons)             (%=protein content)              ($/ton)
8,900              Soft White 10.5%                   146.25
1,000              Soft White 8.5%                     152.50
3,700              Hard Red Winter 11.5%          156.30
6,400              Dark Northern Spring 14%      179.97