Bangladesh's DGF launches its eleventh wheat tender of the year

Bangladesh's state importer - Directorate General of Food (DGF) - has launched its eleventh tender of the year for 50,000 mt of optional origin milling wheat, which is due to close on May 23, an official document showed on Tuesday.

As usual, DGF has called for offers on a CIFLO delivered basis, with 60% of the volume to be delivered to Chattogram port and the remaining 40% into Mongla during the 40 days after the contract has been signed.

In its latest tender, which closed on April 11, DGF received the lowest offer for Indian wheat from Bagadiya Brothers at $399.19/mt CIFLO, who reportedly won the tender.

DGF's previously awarded offers include $406.83/mt CIFLO by Agrocorp on April 4 and $409.97/mt CIFLO shown by Swiss Singapore in a tender that closed on March 16, trade sources told Agricensus. 

The tender comes against a backdrop of ongoing rumors in the market regarding possible state regulation that could surface for Indian wheat exports given the slow pace of state procurement.

This has pushed Indian wheat prices higher, but for some destinations, like Bangladesh, it remains the cheapest option.

For more information on Bangladesh wheat buying, please see our Tender Dashboard.