India's STC gets highest bid at $288.3/T in wheat export tender

State Trading of India

23/12/2013 10:15

NEW DELHI, Dec 23 (Reuters) - India's State Trading Corp STCI.NS  has received the highest bid at $288.3 per tonne for its wheat export tender offering 200,000 tonnes, trade sources said on Monday, more than the government's floor price of $260 a tonne. There were 10 bidders for the global tender, said one of the sources. The state-run trader issued the tender last month offering the grain from government warehouses for shipment between Jan. 4 and Feb. 3 on the country's west coast.  ID:nL4N0JD1QE  Separately, the trading company has extended the deadline for bids for its 70,000 tonnes wheat export tender from the southern port of Chennai to Jan. 10, it said in a statement. The tender is part of the Indian government's plan to sell 2 million tonnes of the grain overseas until March, as it attempts to trim bulging stocks. Earlier, state-run MMTC Ltd  MMTC.NS  received the highest bid at $283.11 a tonne for its wheat export tender from the east coast.  ID:nD8N0JI005  (Reporting by Ratnajyoti Dutta; editing by Malini Menon) ((ratnajyoti.dutta@thomsonreuters.com; +91 11 4178 1013)(Reuters Messaging: ratnajyoti.dutta.thomsonreuters.com@reuters.net)) Keywords: INDIA WHEAT/STC