The bid for the supply of 400,000 metric tons was divided into four 100,000 metric ton lots. In this regard, GM gave the lowest prices of USD 249.34, USD 248.34, USD 246.34 and USD 244.34 per ton for each lot. The decision involved a 1.39 billion birr contract to supply 200,000 metric tons of wheat. 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.

Source: Ethiopian News May 11, 2019 06:56 UTC