Switzerland-based commodity trading Vitol Group placed the highest bid of $282.62 a tonne for wheat offered for exports by State Trading Corporation (STC) from Mundra Port in the latest tender.
Louis Dreyfus Commodities was the second highest bidder at $280.62. STC, which offered to sell 1.6 lakh tonnes, received seven bids.
These bids were higher than the floor price for exports of $260.
The Government had reduced the floor price for exports from $300 to $260 on October 30 to boost shipments.
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