August 21, 2017 / 6:00 AM / 7 months ago

Bangladesh rice tender draws lowest offer of $407.89/T

DHAKA, Aug 21 (Reuters) - The lowest offer in the tender from Bangladesh to import 50,000 tonnes of rice was from trading house Regington International at $407.89 a tonne, on a cost, insurance and freight (CIF) liner out basis, officials at the state grains buyer said on Monday.

Nine other trading houses competed for the tender issued by Bangladesh’s Directorate General of Food that closed on Sunday.

Bangladesh, the world’s fourth-biggest rice producer, has emerged as a major importer of the staple grain this year due to depleted stocks and record high local prices following floods. (Reporting by Ruma Paul; Editing by Richard Pullin)

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