Cargill offers India wheat at $459.90 a tonne

Cargill offers India wheat at $459.90 a tonne

New Delhi:Global trading firm Cargill has emerged as the lowest bidder in a wheat import tender issued by India’s State Trading Corp, offering 65,000 tonnes of grain at $459.90 per tonne, trade officials said on Monday.

Glencore offered 2,00,000 tonnes of wheat of the highest quantity to be delivered at two Indian ports for $462-465 per tonne, traders said.

They said a bid was also submitted by Toepfer against the tender for 3,50,000 tonnes of grain floated last week. Earlier, a government source said there had been only two bids.

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