Indian rice lowest offer in Bangladesh tender for 50,000 T (updated)
04/11/2024 10:39
(Adds detail, other offers, from paragraph three)
DHAKA/HAMBURG, Nov 4 (Reuters) - The lowest price
offered in the tender from Bangladesh's state grains buyer to
buy 50,000 metric tons of rice that closed on Monday was
assessed at $477.00 a tonne CIF liner out for rice sourced from
India, an official in Bangladesh and European traders said.
Offers are still being considered and no purchase has yet
been made, they said.
The lowest offer was believed to have been submitted by
Pattabhi Agro Foods, they said.
The tender seeks 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.
These other companies also participated in the tender, with
their offers per ton liner out and expected origin in brackets:
Bagadiya Brothers $477.77 (India), SAEL Agri Commodities $494.45
(India), Agrocorp $490.56 (India), Halder Venture $499.77
(optional India, Myanmar, Thailand, Vietnam), and Aditya Birla
Global Trading $479.50 (India).
Floods in Bangladesh have destroyed an estimated 1.1 million
tons of rice, prompting the country to ramp up imports of the
staple grain amid soaring food prices.
In response, the government 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 Oct. 20.
The rice in the tender can come from worldwide origins and
shipment is required 40 days after contract award.
(Reporting by Ruma Paul in Dhaka and Michael Hogan in Hamburg;
Editing by Mark Potter)
((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54;
Reuters Messaging:
michael.hogan.thomsonreuters.com@reuters.net))