Bloomberg News

Olam to Supply 50,000 Metric Tons Wheat to Bangladesh

December 16, 2011

(Corrects company name in first paragraph in story published yesterday.)

Dec. 15 (Bloomberg) -- Olam International Ltd. won a bid to supply 50,000 metric tons of wheat to Bangladesh in a tender, a government official said today.

Olam will supply the grain at $281.09 a ton, Nurul Karim, joint secretary of Bangladesh’s Cabinet Division, said. The Singapore-based trader was the lowest bidder among nine traders, which participated in an import tender issued by the state-run Directorate General of Food, he said.

The Cabinet Division approved the purchase today, Karim said.

--Editor: Thomas Kutty Abraham

To contact the reporter on this story: Arun Devnath in Dhaka at adevnath@bloomberg.net

To contact the editor responsible for this story: Thomas Kutty Abraham at tabraham4@bloomberg.net


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