NEW DELHI, Nov 20 (Reuters) - Two state-owned trading
companies received the highest bids at $317 per tonne in their
respective wheat export tenders, trade sources said on Tuesday.
State Trading Corp. got seven bids with global
trading company Cargill quoting the highest, while
Singapore-based trading firm Glencore bid the highest in MMTC
Ltd's tender which received four bids.
State-run trading companies such as STC, MMTC and PEC have
been floating export tenders to ship out wheat from overflowing
Last month, STC floated a tender offering 40,000 tonnes from
the warehouses located in Chennai port, while MMTC offered
30,000 tonnes from the port of Mormugao on the west coast.
The quantities will have to be shipped by December.
On Nov. 19, PEC received the highest bid at $319.15 per
tonne from Toepfer in its wheat export tender.
(Reporting by Ratnajyoti Dutta; Editing by Anupama Dwivedi)