January 20, 2004

South Korea Buys 15,000 MT Rapeseed Meal From Majuko

South Korea's Big Feed Mills Group bought 15,000 metric tons of Indian rapeseed meal in a tender Monday, said a BFMG official.

Majuko is the supplier, at US$169.50 a ton, cost and freight, said the official. The price includes a US$3.00/ton three-port premium, he said. The cargo is expected to arrive April 20 at Incheon, Kunsan and Ulsan, he said.

Last week, South Korea's Nonghyup Feed Inc. bought 10,000 tons of Indian rapeseed meal, also from Majuko. The price in that deal was US$170.45/ton, excluding the US$3/ton three-port premium. That cargo is expected to arrive March 30 at Incheon, Kunsan and Ulsan.