NEW DELHI Nov 18 India's State Trading Corp
has received the highest bid at $286 per tonne in its
wheat export tender offering 120,000 tonnes on the west coast,
trade sources said on Monday, above the government's new floor
price of $260 a tonne.
There were seven bids in the global tender, said one of the
STC issued the tender last month offering the grain from
government warehouses for shipment by December.
Earlier, state-run MMTC Ltd received the highest
bid at the same price, $286 a tonne, in another wheat export
tender offering 60,000 tonnes of the grain from government
warehouses on the east coast.
(Reporting by Ratnajyoti Dutta; Editing by Jo Winterbottom)