The wheat is expected to be sourced from Russia.
No purchase has yet been made and the offers are still being considered.
The offer was submitted by trading house Swiss Singapore Overseas. Two other offers were submitted in the tender. Trading house Agrocorp offered $298.19 a tonne C&F liner out and Aston offered $294.47 a tonne. The price includes shipping, insurance and ship unloading costs. All the offers were for 50,000 tonnes. Wheat with 12.5 percent protein content was sought for shipment 40 days after contract signing, traders said.