November 11, 2004

South Korea Dongah Buys 21,500 MT US No.1 Wheat from Cargill

South Korea's Dongah Flour Mills Co. bought 21,500 metric tons of US No. 1 wheat from trading firm Cargill in a tender concluded Wednesday, according a Dongah official.

Dongah bought one cargo of milling wheat at prices ranging from $146.84-$194.52 per ton, free on board from Columbia River District, including Portland, the official said.

The cargo is set to be shipped between Dec. 5 - Jan. 5. The freight rate of the cargo will be decided by separate talks between Dongah and a local shipper.

Below are the details of Dongah's buy tender Wednesday:

Quantity    Variety                                     Prices
(tons)      (% of protein)                            ($/ton)
2,500       Soft White 10.5%                       146.84
5,000       Soft White 10%                          147.57
2,500       Soft White 9.5%                         151.26
1,200       Soft White 8.5%                         166.72
4,400       Hard Red Winter 11.5%              165.89
5,900       Dark Northern Spring 14%          194.52