In this regard, Wifaggave the lowest prices of USD 270, USD 274, USD 278 and USD 284 per ton for each lot. It was back in June, 2018 that Promising won the contract to supply the 200,000 metric tons of wheat. During this bid process, Promising agreed to supply the wheat and later failed to do so. For the latest bid, Promising gave a much higher price for all four lots, ranging from USD 310 to USD 315, per lot. The latest wheat supply, once awarded to the winning bidder, the wheat will be brought to the country and distributed to more than 5,000 bakeries and 300 flour factories.

Source: Ethiopian News February 02, 2019 07:18 UTC