India offers lowest bid in Bangladesh's tender for 50,000 tonnes of rice: Report
The bid was assessed at $477 a tonne, CIF liner out, according to an official in Bangladesh and European traders
Bangladesh's state grain buyer has received the lowest bid from India for its latest tender to import 50,000 tonnes of rice, according to an article published in The Economic Times.
The bid was assessed at $477 a tonne, CIF liner out, according to an official in Bangladesh and European traders.
The lowest offer was believed to have been submitted by Pattabhi Agro Foods, they said, adding that the offers submitted are still being considered and no purchase has yet been made.
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The tender, which closed on Monday, sought price offers for non-basmati parboiled rice in CIF liner out terms, including ship unloading costs, for shipment to the ports of Chattogram and Mongla.
Other offers include Bagadiya Brothers at $477.77 per tonne, SAEL Agri Commodities at $494.45, Agrocorp at $490.56, and Aditya Birla Global Trading at $479.50—all from India. Halder Venture also participated, bidding $499.77 with optional origins including India, Myanmar, Thailand, and Vietnam.
Bangladesh, the world's third-largest rice producer, typically produces nearly 4 crore tonnes of rice a year to feed its population of around 17 crore.
However, recent floods in Bangladesh have destroyed an estimated 11 lakh tonnes of rice, prompting the country to ramp up imports of the staple grain amid soaring food prices.
The government, in response, is moving quickly to import 500,000 tons of rice and is expected to permit private sector imports soon, a food ministry official said on 20 October.
The rice in the tender can come from worldwide origins and shipment is required 40 days after contract award.
