April 12, 2006

South Korea's NOFI buys corn, rapeseed meal in tender

South Korea's Nonghyup Feed Inc (NOFI) has bought corn and rapeseed meal in separate tenders concluded on Tuesday (Apr 11), a company official said.

NOFI bought 55,000 tonnes of US-origin corn from trading house ADM at 117 cents a bushel above the May Chicago Board of Trade contract. The shipment will arrive in South Korea around May 2-21.

NOFI also bought 10,000 tonnes of India-origin rapeseed meal from trading house Gokul at US$137.55/tonne , on cost and freight basis, excluding second and third port discharge premium of US$1.50/tonne . The shipment will arrive in South Korea between Jun 16 and Jul 5.