India's Andhra Pradesh - based Pattabhi Agro Foods, offered lowest price at $477 a tonne CIF (Cost, Insurance, and Freight) liner out for rice sourced from India in a Bangladesh tender to buy 50,000 metric tons of rice that closed on Monday, officials said.
The Directorate General of Food under the Bangladesh Ministry of Food issued the tender recently, but after the bidding the offers are still being considered and no purchase has yet been made, they said
The tender seeks price offers for non-basmati parboiled rice in CIF liner out terms, including ship unloading costs, for shipment to the ports of Chattogram and Mongla.
These other companies also participated in the tender, with their offers per ton liner out and expected origin in brackets: Bagadiya Brothers $477.77 (India), SAEL Agri Commodities $494.45 (India), Agrocorp $490.56 (India), Halder Venture $499.77 (optional India, Myanmar, Thailand, Vietnam), and Aditya Birla Global Trading $479.50 (India).
Floods in Bangladesh have destroyed an estimated 1.1 million tons of rice, prompting the country to ramp up imports of the staple grain amid soaring food prices.
In response, the government is moving quickly to import 500,000 tons of rice and is expected to permit private sector imports soon, a food ministry official said on Oct. 20.
The rice in the tender can come from worldwide origins and shipment is required 40 days after contract award.
