Indian rice offered at lowest price in Bangladesh tender for 50,000 tons

By Reuters

The lowest price offered in the tender from Bangladesh’s state grains buyer to purchase 50,000 metric tons of rice which closed on Thursday was assessed at $434.77 a metric ton CIF liner out, traders said.

The offer was made for Indian origin rice by trading house Agrocorp, they said.Offers are still being considered and no purchase had yet been reported, they said. Bangladesh traditionally considers price offers in grain and rice tenders for some time before making a decision.

Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.

This article has been republished from The Economic Times.