Bangladesh gets offers found in 50,000 tonne wheat purchase tender- trade

Bangladesh’s state grains buyer received the lowest price tag offer estimated at $339.33 a tonne CIF liner out in an international tender to buy and import 50,000 tonnes of wheat which closed on Sunday, European traders explained on Monday.

No purchase has however been made and the offers remain being considered.

The cheapest offer was thought to have already been submitted by trading house Aston.

Traders reported that only 1 other offer was first submitted found in the tender, by Agrocorp in $344.38 a tonne CIF liner out.

Bangladesh has issued a number of wheat and rice tenders in past months. The country is definitely importing rice and wheat to shore up its depleted reserves after repeated floods this past year harmed its crops, sending native rates to record highs.

Price offers found in the new tender are actually again sought in CIF liner out terms. These conditions include ship unloading charges for the seller.

Shipment is sought 40 days following the date of deal signing. The wheat could be sourced from any world-wide origins except Israel and is normally sought for shipment to two ports, Chattogram and Mongla.