South Korean mills buy Australian wheat

Two South Korean flour mills purchased 94,000 tonnes of Australian-origin milling wheat in tenders which closed on Thursday, European traders said on Friday. Daehan Flour Mill Co Ltd bought 45,000 tonnes and another unnamed mill bought 49,000 tonnes, traders said. Daehan's purchase comprised 40,100 tonnes of standard white wheat of 10.3 percent to 11 percent protein content bought at $242 a tonne fob and 4,900 tonnes of hard wheat of a minimum 11.5 percent protein bought at $246 a tonne fob, they said.