April 1, 2005

South Korea KFA Seoul buys 55,000 tonnes of soymeal from Cargill

Seoul-based Korea Feed Association (KFA) bought 55,000 tonnes of South American soymeal from trading house Cargill in private negotiations concluded Wednesday night, a South Korean trader said Thursday.

A member of KFA Seoul bought one cargo of 55,000 tonnes of South American soymeal at US$257.50 a tonne, cost and freight to the port of Incheon July 15, the trader said.