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Indian co wins tender to supply 50,000t wheat

amira
India's Amira Foods has won a tender to supply 50,000 tonnes of wheat to Bangladesh after submitting the lowest offer at $314.60 a tonne, an official of the state grains purchasing agency said on Wednesday. This was the highest price the agency has paid in tenders since the start of July. The price included cost, freight, insurance and other port-related expenses. The tender is part of a plan by the Directorate General of Food to import 850,000 tonnes of wheat in the financial year through June 2014, up from around 350,000 tonnes the previous year. amira...

Tea prices snap 4-weeks of gains on higher supplies

tea
Tea prices in Bangladesh slipped at a weekly auction on Tuesday, snapping a four-week run of gains, as this season’s highest volume on offer offset demand from local buyers for the winter season, brokers said. teaThe average price of Bangladeshi tea was 206.36 taka ($2.65) per kg against 213.25 taka in the previous auction held on Nov.  13, an official from National Brokers Ltd said. More than 2.4 million kg of tea was offered at the country’s sole auction centre in Chittagong, with nearly 22 percent remaining unsold, compared with 2.3 million kg offe...

Commodity mixed amid global growth worries

commodity-etf
Commodity prices traded mixed this week as dealers reacted to US stimulus expectations amid weaker growth worries across the globe. Raw material futures, which had been falling early in the week, recovered some lost ground after Federal Reserve chief- nominee Janet Yellen defended the US central bank’s $85 billion- a-month bond-buying programme, and rejected suggestions that it had generated fresh bubbles in property or stock markets. commodity-etfThe comments Thursday at her confirmation heari...

Tea prices up for 4th week

tea
Tea prices in Bangladesh rose for a fourth straight week at a weekly auction held on Wednesday as strong demand from local buyers for the winter season offset higher supplies, brokers said. The average price of Bangladeshi tea was 213.25 taka ($2.74) per kg against 209.24 taka in the previous auction on Nov. 6, an official from National Brokers Ltd said on Thursday. teaMore than 2.3 million kg of tea was offered at the country’s sole auction centre in Chittagong, with nearly 17 percent remaining unsold, compared with 2 million kg offered and 15 percen...