PEC floats export tenders for 1.55 lakh tonnes wheat

State-run PEC today floated two separate global tenders for exporting a total 1,55,000 tonnes of wheat between February 15 and March 25.
PEC will offer 1,20,000 tonnes of wheat at Kandla port on the western coast, while the rest 35,000 tonnes at Vizag port on the eastern coast, according to the tenders.
Bids will close on February 12. Bidders can quote for a minimum quantity of 35,000 tonnes for shipment from Vizag port and 45,000 tonnes from Kandla port, it added.
PEC has issued tenders as part of the government's plan to export 2 million tonnes of wheat, procured by state-run Food Corporation of India (FCI), in order to create space for the new crop to be harvested from April onwards.

It was in August 2013, the government had permitted export of 2 million tonnes of wheat through public trading agencies PEC, STC and MMTC. So far, the government has approved tenders for one million tonnes and shipments are underway.