New Delhi - The Central government-owned State Trading Corporation [STC] is likely to cancel a tender to import 350,000 metric tons of wheat, a senior company official said the other day. "We have not received any communication from the government during the time in which the bids were valid. This basically means that no wheat will be purchased in the latest tender," said the official, who didn't want to be named. The State Trading Corp had floated a tender earlier this month to import wheat on behalf of the government. The company received only three bids from global trading firms at prices ranging between USD459.90 and USD579.62 per metric ton, basis cost and freight. "The bids were rejected because of the high prices quoted," the official added. India had planned to import around one million metric tons of wheat by March 2008 to boost its buffer stock.