South Korea's Nonghyup Feed Inc has bought a total of 52,500 tonnes of optional-origin corn from Cargill in private talks, traders said on Monday.

Nonghyup Feed agreed to pay $155.50 per tonne C&F for US or South American origin, and $145.50 per tonne C&F for Chinese origin, they said. The prices for the deal, wound up in late July, excluded $1 dollar per tonne for two port delivery charge.

Arrival is due in late November at any two ports from among Intone, Knudsen, Ulsan, Mop and Pusan.

Copyright Reuters, 2004