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Indian rice least expensive offer in Bangladesh tender for 50,000 T.

The most affordable rate offered in the tender from Bangladesh's state grains purchaser to buy 50,000 metric lots of rice that closed on Monday was examined at $477.00 a tonne CIF liner out for rice sourced from India, an authorities in Bangladesh and European traders said.

Deals are still being considered and no purchase has yet been made, they stated.

The lowest deal was thought to have been sent by Pattabhi Agro Foods, they stated.

The tender seeks cost deals for non-basmati parboiled rice in CIF liner out terms, including ship discharging expenses, for shipment to the ports of Chattogram and Mongla.

These other business also participated in the tender, with their offers per ton liner out and anticipated 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 approximated 1.1 million. tons of rice, triggering the nation to ramp up imports of the. staple grain in the middle of skyrocketing food prices.

In reaction, the federal government is moving rapidly to import. 500,000 tons of rice and is expected to permit private sector. imports quickly, a food ministry authorities said on Oct. 20.

The rice in the tender can come from around the world origins and. delivery is required 40 days after contract award.

(source: Reuters)