STC, PEC & MMTC float tenders for 2.4 lakh tonne wheat

Written by Press Trust of India | New Delhi | Updated: Jul 14 2012, 07:07am hrs
Public sector trading firms STC, PEC and MMTC on Friday floated global tenders for export of 2.4 lakh tonne of wheat from government godowns which will ease storage crunch during the monsoon season.

The trading firms have floated separate tenders following the recent approval by the Cabinet Committee on Economic Affairs (CCEA) to allow two million tonne of wheat export from the godowns of Food Corporation of India (FCI). Of 2.4 lakh tonne of wheat tenders, STC has invited bids for export of 1,00,000 tonne, PEC for 90,000 tonne and MMTC for 50,000 tonne.

Bids will close on August 13 and shipments would be in August-September.