Банкеръ Weekly

Briefs

GRAIN ENTERS COMMODITY EXCHANGE LIST

One hundred and twenty seven goods can be purchased through a negotiation procedure without an announcement under the Commodity Exchanges and Wholesale Markets Act, the Regulations for Application of the Public Procurement Act (PPA), approved by the Government on June 14, stipulate. Among them are all cereals - wheat, corn, rice, barley, rye, and oats. The list includes mainly inputs, no end products will be traded on commodity exchanges without applying the PPA, said Miglena Pavlova, Executive Director of the Public Procurement Agency.
In the end of last year the Cabinet approved proposals for amendments to the Public Procurement Act which the National Assembly approved and they were published in the Official Gazette in early May. According to the law-makers, they ensure better conditions for observing the principles of publicity, transparency, freedom, fair competition, and treatment of all candidates on an equal footing when assigning public procurement orders. The new legislative regulations will be in force as of July 1, 2006.
Until now the sale and purchase of grain from the State Contingency and Wartime Reserve Agency and from the Agriculture Fund was usually effected through inviting a tender under PPA's provisions. Currently, such a procedure is in progress for the sale of 1,000 tons of wheat from the State Reserve. By moving the trade in grain onto the floor of commodity exchanges the procedure is being simplified and the possibilities for contesting the deals are being reduced, especially when concerning the State Contingency and Wartime Reserve or releasing part of its stock due to expiry of the term for its storage.

Facebook logo
Бъдете с нас и във