Comments
State-run trading company PEC has issued an international tender to import 320,000 tonnes yellow corn (maize), European traders said on Tuesday.
The tender closes on January 11 and offers must remain valid up to January 14, they said.
Sources said on December 31 that India will soon ask state-run traders to import half a million tonnes of duty-free corn after a second drought in the country cut crops in what would be the country's first overseas purchase in 16 years.
India is traditionally a major corn exporter to South East Asia, but higher local prices due to the first repeat drought in nearly three decades and rising domestic demand have hampered exports.
In the new tender, PEC is seeking corn free of genetically-modified organisms (GMOs) which can be sourced from any optional origins, traders said.
Shipment is sought to a series of Indian ports between Jan. 20 to Feb. 20, 2016 depending on the harbour involved, they said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.