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Bangladesh buys 50,000 T of wheat from India at $330/T

Source : REUTERS
Last Updated: Tue, Feb 12, 2013 08:20 hrs

DHAKA, Feb 12 (Reuters) - A Bangladeshi trading firm is buying 50,000 tonnes of wheat from neighbouring India at $330 a tonne, including the cost of delivery to Chittagong port, two sources said on Tuesday.

Bangladesh has turned to India for wheat supplies since New Delhi lifted a ban on exports in 2011.

Separately, Bangladesh's state grains buyer received the lowest offer from Olam International at $331.88 a tonne, including freight, insurance and other expenses, in a tender that opened on Monday.

Bangladeshi traders import 2.5 million to 3 million tonnes a year to help meet annual demand for more than 4 million tonnes. Bangladesh's domestic production amounts to nearly 1 million tonnes.

(Reporting by Ruma Paul; Editing by Joseph Radford)




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