PEC to float wheat import tender

The central government is likely to float a tender of importing 3.5 lakh tonnes of wheat. The state-owned trading company Projects Equipment Commodities (PEC) is expected to come up with the tender by the end of this month.

However, tender will be issued only after MMTC finalises the bid for the global tender it floated at the start of this week to import the same amount of wheat by February 10, next year. The bid is expected to be finalised by November 24.