September 9, 2003

 

 

South Korea Feed Group Buys 25,500 MT India Soymeal Monday

                       

South Korea's Big Feed Mills Group agreed to buy 25,500 metric tons of Indian soymeal from Peter Cremer via private negotiations Monday, traders in Seoul said Tuesday.

   

The soymeal, with shipment dates Oct. 22 to Nov. 10, was purchased at US$225 a ton, cost and freight to Kunsan and Ulsan, said traders.

   

The price doesn't include a premium charge for delivery to two ports, they said.

   

July 24, the Korea Feed Association agreed to buy 55,000 tons of South American soymeal from Cargill in a tender, at US$214.83/ton, C&F. The expected arrival date was set for Nov. 5 at Incheon.