S.Korea's CJ Cheiljedang buys 48,750 T U.S. wheat

Daehan Flour Mill

20/07/2016 09:37

SEOUL, July 20 (Reuters) - South Korea's CJ Cheiljedang Corp 
 097950.KS  has bought 48,750 tonne of wheat to be sourced from 
the United States via a tender that closed on Wednesday, South 
Korean traders said.  
    The seller was said to be ADM and the products are to 
shipped between Dec.10, 2016 and Jan. 10, 2017.  
    CJ issued the tender on behalf of DongAOne Co Ltd 
 008040.KS , Daehan Flour Mill Co Ltd  001130.KS  and SamHwa, 
the traders said.  
    Details of the purchase are as follows: 
     
    TONNES   COMMODITY                            PRICE (FOB/T) 
     14,900  Soft White of 10.5 protein content   $203.98 
      3,500  Soft White of 8.5 protein content    $212.39 
      7,550  Hard Red Winter                      $199.78 
     22,800  Northern Spring                      $234.18 
     
    *Note: The products will arrive at Incheon and Busan ports. 
 
 (Reporting By Jane Chung; Editing by Subhranshu Sahu) 
 ((jane.chung@thomsonreuters.com; +82 2 3704 5667; Reuters 
Messaging: jane.chung.thomsonreuters.com@reuters.net)) 
 
Keywords: SOUTHKOREA GRAIN/TENDER