September 25, 2003



South Korea Feed Group Bought 105,000 Tons Chinese Corn


South Korea's Major Feedmill Group have bought 105,000 metric tons of Chinese corn from Toepfer Tuesday, according to traders Thursday. The deal was fixed privately at US$116.98 a ton, cost and freight, said traders.


The corn will be divided into two equal lots of 52,500 tons each for delivery to Incheon. Expected arrivals for both batches are Jan. 5 and Jan. 20, said the traders.


On Wednesday, South Korea's Nonghyup Feed Inc. agreed to buy four small lots of 12,500 tons each of Chinese corn from Dalian Huaxing Enterprise in a tender. NOFI bought the corn for November-December arrival at Mokpo at US$119.80 a ton, cost and freight.