(Bloomberg) -- India, the world's second-biggest
wheat consumer, canceled a tender to import 1 million tons of
the grain because it judged prices offered by firms including
Archer Daniels Midland and Cargill Inc. to be high.
Toepfer International and Glencore International AG were
among seven firms that offered 1.3 million tons priced at $267 a
ton to $302 a ton, a government official said. Toepfer was the
lowest bidder. India paid an average $205.31 a ton last year.
Read more at Bloomberg Commodities News
wheat consumer, canceled a tender to import 1 million tons of
the grain because it judged prices offered by firms including
Archer Daniels Midland and Cargill Inc. to be high.
Toepfer International and Glencore International AG were
among seven firms that offered 1.3 million tons priced at $267 a
ton to $302 a ton, a government official said. Toepfer was the
lowest bidder. India paid an average $205.31 a ton last year.
Read more at Bloomberg Commodities News
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