October 22, 2004

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

South Korea's Daehan Flour Mills Co. bought 20,000 metric tons of US No. 1 milling wheat from trading house Toepfer in a tender concluded Thursday, said a Daehan official.

Daehan bought one cargo of milling wheat to be shipped between Dec. 15 - Jan. 15 from the Pacific Northwest to the port of Incheon, the official said.

All prices agreed are free on board. Daehan will hold separate talks with a local shipper on the ocean freight rate, the official said.

Below are the details of Daehan's buy tender Thursday:

Quantity         Variety                                    Prices
(tons)           (% of protein content)                ($/ton)
9,900            Soft White 10.5%                       145.54
1,300            Soft White 8.5%                         154.74
2,800            Hard Red Winter 11.5%               158.33
6,000            Dark Northern Spring 14%          185.93