India-based Emmsons International Limited made the lowest offer of $360 a tonne, including C&F liner out, in a Bangladesh tender to import 50,000 tonnes of wheat that opened on Monday, a food official said. The state grains buyer reissued the tender late last month after the original bids were scrapped in the wake of a surge in wheat prices due to export curbs in drought-hit Black Sea region.
After the cabinet purchase committee approves the fresh bid, shipment of the wheat will have to be completed within 40 days of signing the contract.