November 26, 2004

South Korea Dongah Buys 20,200 MT US Wheat from Mitsubishi

South Korea's Dongah Flour Mills Co. bought 20,200 metric tons of US No. 1 wheat from Japanese trading house Mitsubishi in a tender concluded Thursday, a company official said.

Dongah bought one cargo of milling wheat at prices ranging from $145.04-$186.55 a ton, free on board from the Pacific Northwest, the official said.

The cargo is to be shipped between Jan. 1-31 to the port of Incheon, the official said.

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

Quantity       Variety                              Prices

(tons)         (% of protein)                     ($/ton)

4,800          Soft White 10.5%                145.04

3,300          Soft White 10%                   146.88

1,500          Soft White 9.5%                  151.48

5,500          Hard Red Winter 11.5%       158.96

5,100          Dark Northern Spring 14%   186.55