Millennium Post

MMTC invites bids for wheat exports of 1 lakh tonnes

State trading firm MMTC has invited a global tender for export of 100,000 tonne of wheat stored in the government godowns.

Bids, which will open on 18 December, will remain valid upto 26 December. Bidders should quote for a minimum 35,000 tonnes and a maximum of 1,00,000 tonnes of wheat, MMTC said in a statement. Wheat offered for export is stored at godowns of the Food Corporation of India (FCI) at Kakinada port in Andhra Pradesh.

Wheat offered would be of the 2012-13 crop year (July-June). The bidder should export wheat by 31 January, 2013.

MMTC and other state trading companies have been floating bids following government's decision to export two million tonnes of the grain from the Food Corporation of India godowns.

The government godowns are overflowing due to an all-time high procurement of about 38 million tonnes last year.
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