November 18, 2005

South Korea's NOFI seeks 142,000 tonnes feed corn in tender

South Korea's Nonghyup Feed Inc. would seek 142,000 tonnes of feed corn in a buy tender to be held Friday, a Seoul-based trader said.

NOFI would buy two panamax cargoes of optional origin corn and two handy-size cargoes of Chinese corn, the trader said.

Two panamax cargoes would be shipped to two ports among Incheon, Ulsan and Pusan. Handy-size Chinese cargoes would be sent to Ulsan and Mokpo, respectively, the trader said.

Below were details of NOFI's buy tender Friday:

Quantity     Origin        Arrival

(tonnes)

52,500       Optional     Feb 10

52,500       Optional     Feb 20

25,000       China         Feb 10

12,000       China         Feb 20