October 14, 2004

South Korea Feed Assoc Seeks 157,500 MT Corn In Tender

The Seoul-based Korea Feed Association will seek 157,500 metric tons of optional-origin corn in a buy tender to be held at 0800 GMT Thursday, said a Seoul-based trader who received the tender notice.

KFA's Seoul branch will buy three cargoes of corn, with 52,500 tons each, to arrive in South Korea Dec. 20, Jan. 10 and Feb. 5, respectively.

Suppliers can choose to provide corn from the US, South America or China, the trader said.

KFA will accept cargoes with 5% above or below the tendered quantity, the trader said.