Web Sify
Follow us on

India's PEC gets highest bid at $324/T in wheat export tender

Source : REUTERS
Last Updated: Mon, Nov 26, 2012 11:30 hrs

NEW DELHI, Nov 26 (Reuters) - India's state-run trading company PEC Ltd has received the highest bid at $324 per tonne from global trading firm JK International for its wheat export tender, trade sources said on Monday.

Last month, PEC floated a tender offering 100,000 tonnes for shipments by Jan. 10 from government warehouses located on the east coast.

The highest bid for PEC's tender is slightly higher than a similar tender of State Trading Corp. that offered the grain for overseas sale on the west coast.

State-run trading firms such as PEC, STC and MMTC have been floating export tenders to ship out wheat from overflowing government warehouses. (Reporting by Ratnajyoti Dutta; Editing by Anupama Dwivedi)

More from Sify:
blog comments powered by Disqus
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
talking point on sify finance