DHAKA: The lowest price offered in the tender from Bangladesh's state grains buyer to purchase 50,000 tonnes of rice which closed on Wednesday was estimated at $399.90 a tonne CIF liner out, traders said in initial assessments.

Offers are still being considered and no purchase had yet been reported, they said.

A total five trading houses submitted offers with the lowest price submitted by Bagadia Bros, they said.

A separate tender from Bangladesh to buy 50,000 tonnes of wheat also closed on Wednesday.