The Hindu Business Line : Eight bidders for wheat import tender

Relaxation in quarantine and quality norms seems to have helped the State Trading Corporation of India (STC) to garner better response to its latest tender for import of 22 lakh tonnes (lt) of wheat.

The tender, which was opened here on Tuesday, attracted eight global bidders who made offers aggregating 30 lt. This is as against STC's May 8 tender, in which the total bid quantity of 26 lt was below the 30 lt that was sought.

Moreover, with not all parties meeting the `stiff' quality and financial norms specified in the tender, the STC could award contracts for only eight lt, including five lt to the Melbourne-based AWB Ltd and three lt to Agrico Trade & Finance SA, Geneva.

No bid from AWB

Interestingly, in the latest tender — which is basically for the 22 lt shortfall from the earlier one — neither AWB nor Agrico have submitted bids. The eight parties to have tendered this time include the Hamburg-based Toepfer International and its Illinois-headquartered associate, Archer Daniels Midlands. The others are the US-based Cargill, Bunge and Touton, the Rotterdam-based Concordia, Noble Grain of Singapore and Glencore International of Switzerland, STC officials said.

The maximum single bid for one mt was from Toepfer and the prices offered ranged between $190 and $237 a tonne. This is higher than the $187-199 a tonne range at which the earlier eight lt order was awarded to AWB and Agrico. The present offers are valid till June 28.

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