August 16, 2004

South Korea's Dongah Flour Mills Buys 19,500 MT US Wheat In Tender

South Korea's Dongah Flour Mills Co. bought 19,500 metric tons of U.S. No. 1 wheat from trading house Cargill in an invitation-only tender concluded Friday, said a company official.

Dongah bought one cargo of assorted milling wheat at prices ranging from $144.57-$155.61 a ton, free on board from the Pacific Northwest between Nov. 1-15, said the official.

Dongah bought the cargo on behalf of four companies, including CJ Corp., Daehan Flour Mills Co. and Youngnam Flour Mills Co., the official said.

Below are the details of Dongah's wheat tender Friday:

Quantity          Variety               Price

(tons)                                  $/ton

5,900             Soft White 10.5%      144.75

1,200             Soft White 10%        144.75

1,100             Soft White 8.5%       146.22

5,000             Hard Red Winter       144.57

6,300             Dark Northern Spring  155.61