India''s MMTC gets highest bid at $302/T in wheat export tender

NEW DELHI, April 12. - India''s state-run traderMMTC Ltd received the highest bid at $302 per tonnefrom a global trader in its latest wheat export tender, tradesources said on Friday. They also said there were five bids in this round. Last week, MMTC floated the tender to sell 50,000 tonnes ofwheat for shipments by June 5 from warehouses located on theeast coast as part of the government''s plan to cut huge stocksbefore the new harvest starts arriving in April. Last week, a couple of tenders received no bids.