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India gets offer of 5.3 lakh tonnes wheat supply from 6 firms

India gets offer of 5.3 lakh tonnes wheat supply from 6 firms
PTI
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First Published: Wed, Aug 29 2007. 02 22 PM IST
Updated: Wed, Aug 29 2007. 02 22 PM IST
New Delhi: India today received bids worth 5.3 lakh tonnes of wheat from six companies in a price range of Rs15,858-17,874 per tonne for its global tender to import the food grain.
Even the minimum price quoted by suppliers is 18% more than the average rate of Rs13,409 per tonne at which the government contracted 5.11 lakh tonnes of wheat in the last round of tender.
While eight companies participated in the tender floated by State Trading Corporation (STC), which has been importing wheat on behalf of the government, the bids of two firms were either rejected or not considered, an STC official said.
“We have received offers in the range of $385-434 per tonne,” the official said, adding that Glencore has offered to supply the maximum quantity of three lakh tonnes.
Cargill India has offered to supply 80,000 tonnes, while Toepfer International 70,000 tonnes, Switzerland-based Ameropa 25,000 tonnes, Starcom 5,000 tonnes.
Interestingly, another government-owned trading firm PEC has also entered into the bidding process by offering to supply 50,000 tonnes of wheat.
The official said that bids of Concordia was rejected, while the offer of Yamuna Flour Mills was not considered due to different factors.
The government will take a decision on the quantity to be imported by 3 September based on prices quoted by the global suppliers, an official said.
STC had floated a global tender on 23 August for import of wheat for an unspecified quantity to be delivered at designated Indian ports between October and December.
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First Published: Wed, Aug 29 2007. 02 22 PM IST