December 17, 2003

Korea Feed Association to Purchase 30,000 MT Feedwheat From Toepfer

The Korea Feed Association (KFA), will purchase to buy 30,000 metric tons of feed-grade wheat Wednesday from Toepfer International in a tender held Tuesday, according to a KFA official.

The KFA will buy either Chinese feedwheat at $176.50/ton, cost and freight basis, or $186.50/ton for other origins, the official told OsterDowJones.

The feedwheat will arrive in South Korea in two batches, with 15,000 tons arriving at Inchon on Feb. 29, 2004, and the rest arriving March 31, 2004.