NEW DELHI, April 5 (Reuters) - State-run trader MMTC Ltd
has not received any bids in its latest wheat export
tender, trade sources said on Friday.
India is considering lowering the floor price for wheat
sales to private traders for export from state warehouses,
government sources said on Thursday, after State Trading
Corporation was forced to cancel a wheat export
Earlier this week, MMTC floated the tender to sell 65,000
tonnes of wheat for shipments by May 9 from warehouses located
on the west coast as part of the government's plan to cut huge
stocks as the new harvest starts arriving in April.
State-run companies such as MMTC, STC and PEC have been
floating export tenders to ship out wheat from overflowing
government warehouses since July 2012.
(Reporting by Ratnajyoti Dutta; Editing by Nidhi Verma)