November 25, 2005

KFA Seoul buys 105,000 tonnes US corn from Cargill, Mitsubishi
 

Seoul-based Korea Feed Association bought 105,000 tonnes of US No. 3 grade corn from trading houses Cargill and Mitsubishi earlier this week, South Korean traders said Friday.

KFA Seoul bought two 52,500-tonne cargoes of US corn to be shipped between Mar 15 and Mar 30 to the port of Incheon.

Cargill would supply the first cargo at US$133.38/tonne, while Mitsubishi would supply the second cargo at US$132.94/tonne, both after cost and freight, the traders said.