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India's MMTC gets highest bid at $302/T in wheat export tender

Source : REUTERS
Last Updated: Fri, Apr 12, 2013 10:00 hrs

NEW DELHI, April 12 (Reuters) - India's state-run trader MMTC Ltd received the highest bid at $302 per tonne from a global trader in its latest wheat export tender, trade sources said on Friday.

They also said there were five bids in this round.

Last week, MMTC floated the tender to sell 50,000 tonnes of wheat for shipments by June 5 from warehouses located on the east coast as part of the government's plan to cut huge stocks before the new harvest starts arriving in April.

Last week, a couple of tenders received no bids. (Reporting by Ratnajyoti Dutta; Editing by Jo Winterbottom)




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