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.
Source:
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Bangladesh has turned to India for wheat supplies since New Delhi lifted a ban on exports in 2011.