Korea Agro-Fisheries Buys 2,988 Tons of Thai Rice at Tender

Korea Agro-Fisheries Trade Corp., a state-run South Korean food buyer, bought 2,988 metric tons of Thai rice as part of an international trade program.

The state agency paid $648.40 a ton for the non-glutinous, milled rice in a tender on Oct. 28, according to a notice on the company's Web site.

The agency rejected offers for a further 29,682 tons of Chinese rice in the tender, the notice showed. Results are given more than a week after offers are submitted.

The Northeast Asian nation, which is 99 percent self- sufficient in rice, has imported the grain since 1995 under a so-called minimum-market-access program that mandates the purchases.