India''s MMTC gets lone bid below floor price in wheat export tender

NEW DELHI, June 21. - India''s state-run trader MMTCLtd received just a single bid at $265 per tonne,lower than its floor price, in its latest wheat export tender,trade sources said on Friday. The company is now expected to cancel the tender, for whichthe government-set floor price was $300 per tonne, said one ofthe sources. Last month, MMTC floated the tender to sell 100,000 tonnesof wheat for July shipments from warehouses located on the westcoast as part of the government plan to cut hugestocks