October 2, 2003

South Korea Feed Firms Bought 55,000 Tons China Corn

Some member companies of the Korea Feed Association bought a total 55,000 metric tons of normal Chinese corn via private negotiations Tuesday, said traders Thursday.

A South Korea company supplied the corn at US$118.94 a ton, cost and freight, said traders who were familiar with the deal. The price does not include an additional charge of US$0.75/ton for delivery to two ports, they said.

Shipment dates will commence Dec. 27 to Jan. 15 from China to Busan and Ulsan.