The lowest offer was believed to have been submitted by Indian trading house Bagadiya Brothers.

Traders reported three other offers in the tender. Aston offered an estimated $432.00, Agrocorp $430.38 and GTCS $425.00 all per tonne CIF liner out.

Liner out costs include ship unloading costs for the wheat seller.

Bangladesh has issued a series of wheat and rice tenders in recent months. The country has been importing grains to shore up reserves after extreme weather from floods to heatwaves damaged crops.

Shipment in the tender is sought 40 days after the date of contract signing. The wheat can be sourced from any worldwide origin except Israel and is sought for shipment to two ports, Chattogram and Mongla.

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