HAMBURG: The lowest offer in an international tender from Bangladesh’s state grains buyer to purchase and import 50,000 metric tons of wheat which closed on Tuesday was assessed at $317.56 a metric ton liner out, European traders said.

The offer was believed to have been submitted by trading house Cereal Crops for Russian wheat. Traders said other offers believed to have been submitted by trading houses in the tender per metric ton liner out were: Agrocorp International $320.83 for optional origin wheat, MC Food $329.00 for optional origin and Grain Flower $320.00 for Russian wheat.

Offers are still being considered and no purchase has yet been reported, traders said. Bangladesh generally does not make immediate decisions about wheat purchases which can take some time to be confirmed.