December 16, 2003

Korea Feed Association Set to Purchase Feedwheat From Cargill

The Korea Feed Association (KFA) will purchase 25,000 metric tons of feed-grade wheat from Cargill Inc. at $178.65/ton, cost and freight basis, according to a Seoul-based trader.

The deal was concluded at seller's option, and is one of four batches of a tender that KFA held earlier in the day, he said, adding KFA hasn't decided on the rest of the batches.

Following are details of the deal concluded:

Quantity      Loading                           Shipment Dates      Arrival

(Tons)

25,000        China                              Feb 25-Mar 15        Mar 15

                 OR

                 Canada/Australia/India      Feb 13-Mar 13

                 OR

                 Europe                             Jan 21-Feb 9