The Singapore-based Agrocorp Pte International attained the contract to supply 50,000 tonnes of wheat to the Directorate General (DG) of Food, based on the decision of the cabinet committee on purchase.
The grains will be supplied by Agrocorp at US$21.7 million or nearly Tk 180 crore to the state food office.
The firm is going to supply each tonne of wheat at $421. It was the only tenderer against the food directorate’s call.
Additionally, the food directorate placed a tender to purchase an additional 50,000 tonnes of wheat.
Based on the finance ministry, the government has plans to purchase 5 lakh tonnes of wheat internationally during the current fiscal year of 2021-22.
From that amount, the government will purchase 2 lakh tonnes of wheat from Russia via the state to state contract. An agreement has already been reached between the 2 countries and Russia has already delivered the first consignment against the contract.
Data from the food ministry illustrated, during the fiscal year 2020-21, the DG of Food bought 4.78 lakh tonnes of wheat from abroad.