In an attempt to boost reserves of wheat in Bangladesh, the state grain buyers yesterday issued a tender to import 50,000 tons of wheat. The last date for submission of offers is December 12, with validity until December 21, and the wheat is to be shipped in 40 days after signing the contract. The front-month Chicago Board of Trade wheat futures contract skidded to a 16-month low on Friday amid worries a global economic slowdown will sap demand. However, the Bangladesh government has been struggling with high inflation running a double-digit rate despite bumper crops and good stocks. Read more ...
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