Ethiopia cancels tender to buy 400,000 tonnes of wheat

HAMBURG: The Ethiopian government is believed to have cancelled a tender to buy 400,000 tonnes wheat which closed on July 19, European traders said on Tuesday.

Only one trading house was reported to have submitted an offer in the tender, which was undertaken in cooperation with a United Nations agency.

Ethiopia, suffering from the impact of drought, has issued a series of wheat tenders in recent months. But purchases have been hampered by a lack of participation by trading houses partly because of uncertainty about tender procedures and specifications.