November 20, 2007

 

South Korean feed makers buy 385,000 tonnes corn

 

 

South Korean feed makers have bought up to 385,000 tonnes of US corn for March through May arrival, traders said on Monday (November 19).

 

Major Feedmill Group purchased three cargoes of corn from Japanese trading firm Marubeni Corp and the Korea Feed Association bought four cargoes of corn from different suppliers.

 

All purchases were made during private negotiations late on Friday, they added.

Details are as follows:

 

 -- Bought by KFA Incheon

 TONNE        SUPPLIER    ARRIVAL     PRICE (T, C&F)

 45-55,000    LCD            Mar. 5         $299.90

 45-55,000    ADM           Mar. 15        $298.45

 45-55,000    Cargill        Apr. 15        $295.70

 45-55,000    Cargill        May 5          $293.50

 

-- Bought by MFG

 TONNE         SUPPLIER    ARRIVAL    PRICE (T, C&F)

 45-55,000    Marubeni     Mar. 5          $297.99

 45-55,000    Marubeni     Mar. 15        $297.99

 45-55,000    Marubeni     Mar. 15        $298.99