FCI to hold pre-bid meet for import of rice

Updated: Oct 18 2014, 06:51am hrs
Food Corporation of India, which received a poor response to tenders to import rice via canalising agencies for the northeastern states, has called for another pre-bid meeting with prospective bidders next week, a senior government official said. State-run firms State Trading Corp and MMTC earlier this month received only one bid each in the 20,000 tonne rice import tenders.

Sarr Freight Corp was the only bidder for both tenders. The company has offered to supply 10,000 tonne rice to Manipur at 588 euros a tonne, and a similar quantity to Mizoram at 680 euro per tonne. At the current rate, the import cost would come to over R45,000 a tonne for Imphal and nearly R53,000 a tonne for Mizoram.

The offer price in the tenders was much higher than anticipated, and the government now plans to meet the bidders again to find out the reason.

The government may explore the possibility of taking rice deliveries at the border

instead of warehouses in Manipur and Mizoram to aid imports and attract participation in the tenders, the official said. "Well float tenders again after the pre-bid meeting," the official said.

By Cogencis