| Home
India scraps rice import tenders
Raleigh News.Net
Sunday 22nd November, 2009
India has scrapped tenders to import rice, saying it has enough stocks to manage.
A top-level cabinet committee on food cancelled the three tenders totalling 30,000 tonnes, despite a harvest shortfall following the worst monsoon in almost four decades.
The imports would have been the first since the 1980s, but it is believed the government balked at the high prices currently being sought for the commodity.
The tender of about 15 million tonnes had been discussed with Thailand and Vietnam but global prices rose after India announced it was entering the market.  Email this story to a friend
Have your say on this story
|
|
