By Sameer C. Mohindru
SINGAPORE--South Korea's flour millers have bought two cargoes totalling 80,000 metric tons of Australian wheat for shipment in January, trading executives said Monday.
Millers including Daehan Flour Mills Co. bought Australian noodle grade, blended wheat around $308/ton, Australian Hard wheat around $315/ton and Australian Premium White wheat around $302/ton, all free-on-board, the executives said.
Millers including CJ CheilJedang Corp. bought the same grades at similar prices from Glencore, they said.
Separately, mills also bought three cargoes of U.S. wheat totalling 78,600 tons from Cargill and CHS Inc., they said.
Australian wheat prices are on a decline due the upcoming harvest in the fourth quarter.
For shipment in October and the first half of November, South Korean millers had bought Australian blended wheat around $343-$346/ton, Australian Hard wheat around $335-$341/ton and Australian Premium White wheat around $328-$332/ton, all free-on-board.
Write to Sameer C. Mohindru at email@example.com
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(END) Dow Jones Newswires
September 30, 2013 06:43 ET (10:43 GMT)Copyright (c) 2013 Dow Jones & Company, Inc.
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