Pakistani rice offered lowest in Indonesia’s tender for 500,000 metric tonnes
The lowest price offered in the international tender from Indonesian state purchasing agency Bulog to buy about 500,000 metric tonnes of rice was estimated at $479 a tonne cost and freight (c&f) for rice expected to be sourced from Pakistan, European traders said on Friday.
The lowest offer was said to have been made for 26,000 tonnes.
No purchase has yet been reported and price negotiations are expected to continue in coming days, traders said. A decision is expected next week.
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