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Bangladesh issues tender to buy 50,000 T wheat, any origin
Nov 19, 2014

Bangladesh's state grains buyer has issued an international tender to purchase and import 50,000 tonnes of wheat, European traders said on Monday.

Optional origin was sought with shipment 40 days after contract signing. Tender closing date is Nov. 30, traders said.

This is the first international wheat purchase tender issued by Bangladesh since the current financial year started in July.

The state grains purchasing agency plans to import 900,000 tonnes of wheat this financial year, officials said.

On Oct. 26, Bangladesh agreed to import 250,000 tonnes of Ukrainian wheat at $297.50 a tonne including cost, freight, insurance and other port-related expenses in a government-to-government deal with Ukraine.

The state agency's reserves of wheat and rice have risen to more than 1 million tonnes from 900,000 tonnes a year ago, officials said.

In addition to the government, private traders import about 2.5 million tonnes of wheat a year to help meet local demand of 4 million tonnes. Domestic output amounts to about 1 million tonnes.

Rice is the main staple for Bangladesh's 160 million people, but wheat consumption is also rising.