October 20, 2004

South Korea KFA Seoul Tender Seeks Up To 100,000 MT Soymeal

The Seoul-based branch of Korea Feed Association will seek up to 100,000 metric tons of soymeal in a buy tender to be held at 0700 GMT Wednesday, said a KFA official.

KFA Seoul branch will buy three cargoes, two from India and one from either US or South America, to be shipped to the port of Incheon, the official said.

Suppliers of all three cargoes have the option to provide 5% more or less than the tendered quantity, the official said.

Below are the details of KFA Seoul's buy tender:

Quantity           Origin              Shipment Date

(tons)

20,000-25,000    India              Dec. 17-Jan 5

20,000-25,000    India              Jan. 7-26

50,000             US Gulf            Dec. 2-21

                     or S. Amer        Nov. 27-Dec. 16