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HAMBURG (Reuters) - The lowest price offer received by Iraq's state grains buyer in a tender to purchase at least 30,000 tonnes of rice was $305 a tonne c&f free out for rice to be sourced from India, traders said on Monday.
The traders said they believed the Iraqi buyer had not yet made a decision in the tender, which closed on Monday with offers having to remain valid up to Dec. 10.
One offer was made for rice from the United States at $667 a tonne c&f free out.
Iraq also received single offers for rice from Argentina at $575 a tonne c&f free out, optionally from Argentina or Uruguay at $591 a tonne c&f free out, from Paraguay at $569 a tonne c&f free out and from Vietnam at $573 a tonne c&f free out.
Iraq's cabinet in May authorised the trade ministry to make direct purchases of wheat and rice to guarantee food security.
(Reporting by Michael Hogan; Editing by Gareth Jones)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)