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India's STC gets highest bid at $322.22/T for wheat export tender

Source : REUTERS
Last Updated: Mon, Nov 26, 2012 11:00 hrs

NEW DELHI, Nov 26 (Reuters) - India's State Trading Corp has received the highest bid at $322.22 per tonne from Singapore-based trading firm Concordia for its wheat export tender, trade sources said on Monday.

Last month, STC floated a tender offering 150,000 tonnes for shipments by Jan. 15 from government warehouses located on the west coast.

STC received the highest bid at $317.21 per tonne for its wheat export tender on Nov. 20.

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 Anand Basu)

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  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%)
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