This post useful to display custom attribute dropdown value in products grid in magento admin.
$attribute = Mage::getModel('eav/config')->getAttribute('catalog_product', 'supplier');
$options = array();
foreach( $attribute->getSource()->getAllOptions(true, true) as $option ) {
$options[$option['value']] = $option['label'];
}
$this->addColumn('supplier',
array(
'header'=> Mage::helper('catalog')->__('Supplier'),
'width' => '80px',
'index' => 'supplier',
'type' => 'options',
'options' => $options,
));
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