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Assessing the loop and loopholes of the wheat market

capital Newspaper The highest price ever has been put on offer in the latest safety net wheat international tender that is facilitated by the Public Procurement and Property Disposal Service (PPPDS), while experts in the sector express that the volume offered on the bid that was opened on Tuesday April 20 morning is lesser than the rate in the global market. On the 30,000 metric tons of wheat procurement process PPPDS manages on behalf of the Food Security Coordination Directorate of the Ministry of Agriculture, two companies have offered their price in two lots. However, about seven companies had bought the bid document.

PPPDS annuls wheat bid due to defaults -

capital Newspaper The Public Procurement and Property Disposal Service (PPPDS) annulled the two milling wheat procurement awards for the purchase of 600,000 metric tons on two different bids. PPPDS had awarded two companies for the supply of the milling wheat on behalf of National Disaster Risk Management Commission and Ethiopian Trading Business Corporation early November, while both foreign companies have disappeared to come up with the bid performance bond until the deadline of early this week. PPPDS had awarded Rosentreter Global Food Trading to supply the 400,000 metric tons of milling wheat for Ethiopian Trading Business Corporation. The grain that procured on the aim to stabilize the market was awarded to the Turkish firm at the cost of USD 76.89 million as per the bid offer opened October 13, 2020.

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