India's MMTC gets highest bid at $319.45/T in wheat export tender

Last Updated: Fri, Jan 11, 2013 11:30 hrs

NEW DELHI, Jan 11 (Reuters) - India's state-run MMTC Ltd received the highest bid at $319.45 per tonne from a Singapore-based trading firm for its wheat export tender, trade sources said on Friday.

Last month, MMTC floated the tender to sell 150,000 tonnes of wheat for shipments between Feb. 1 and March 1 from the east coast as part of the government's plan to cut stocks at its warehouses.

State-run firms State Trading Corp. (STC) and unlisted PEC Ltd have also regularly floated export tenders to ship out wheat from overflowing government warehouses.

(Reporting by Ratnajyoti Dutta; Editing by Jo Winterbottom)

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