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Rediff News  All News  » Business » Bangladesh buys 50,000 tonnes of wheat from India

Bangladesh buys 50,000 tonnes of wheat from India

February 12, 2013 15:33 IST

A Bangladeshi trading firm is buying 50,000 tonnes of wheat from neighbouring India at $330 a tonne, including the cost of delivery to Chittagong port, two sources said on Tuesday.

Bangladesh has turned to India for wheat supplies since New Delhi lifted a ban on exports in 2011.

Separately, Bangladesh's state grains buyer received the lowest offer from Olam International at $331.88

a tonne, including freight, insurance and other expenses, in a tender that opened on Monday.

Bangladeshi traders import 2.5 million to 3 million tonnes a year to help meet annual demand for more than 4 million tonnes. Bangladesh's domestic production amounts to nearly 1 million tonnes.

Complete coverage: Union Budget 2013-14

Ruma Paul in Dhaka
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