January 14, 2004

South Korea Seeking 10,000 MT India Rapeseed Meal

South Korea's Nonghyup Feed Inc. is seeking offers by 0500 GMT Wednesday to make a purchase of 10,000 metric tons of Indian rapeseed meal in a tender, said a NOFI official.

Jan. 5, NOFI bought 2,000 tons of Indian rapeseed meal from Noble for arrival at Incheon Feb. 15 via private talks. The deal was concluded at US$173 a ton, cost and freight.

Following are the details of the buy tender Wednesday:

Quantity (Tons)        Arrival Date                     Port

    10,000                 March 30           Incheon, Kunsan & Ulsan