Bangladesh gets offers in 50,000 tonnes wheat purchase tender
BI Report || BusinessInsider
Bangladesh’s state grains buyer has received the lowest price offer assessed at $404.11 a tonne CIF (cost, insurance, and freight) liner out in an international tender to purchase and import 50,000 tonnes of wheat.
The offer was closed on Wednesday, Nasdaq reported citing European traders.
No purchase has yet been reported and the offers are still being considered, they said.
The lowest offer was believed to have been submitted by Indian trading house Bagadiya Brothers.
Traders reported three other offers in the tender: Aston offered an estimated $432.00, Agrocorp $430.38 and GTCS $425.00 all per tonne CIF liner out.
Liner out costs includes ship unloading costs for the wheat seller.
Bangladesh has issued a series of wheat and rice tenders in recent months. The country has been importing grains to shore up reserves after extreme weather from floods to heatwaves damaged crops.
Shipment in the tender is sought 40 days after the date of contract signing.
The wheat can be sourced from any worldwide origin except Israel and is sought for shipment to two ports, Chattogram and Mongla.