Business Standard

India asks Malaysia to explore bulk wheat buy

Related News

With surplus stocks, India has asked to explore the possibility of importing the grain in large quantities from the country.

India, the world's second-largest producer, is grappling with problem of plenty after an estimated record output of 90.23 million tonne in the 2011-12 crop year (July-June).

“I made a suggestion to Malaysia to consider importing wheat in bulk from India,” Food Minister said after meeting Malaysia’s plantation industries and commodities minister.

India is working on options, including wheat exports, to ease a storage crisis, which is mounting, as rice and in the government godowns have already crossed 70 mt, against the storage capacity of 63 mt.

The government's foodgrain stocks have risen due to record procurement in the last few years following bumper production.

The Malaysian delegation is on a six-day visit to India to strengthen bilateral relations.

Bilateral trade between India and Malaysia touched a record $12.5 billion in 2011.

Read more on:   
|
|
|

India asks Malaysia to explore bulk wheat buy

With surplus wheat stocks, India has asked Malaysia to explore the possibility of importing the grain in large quantities from the country.

With surplus stocks, India has asked to explore the possibility of importing the grain in large quantities from the country.

India, the world's second-largest producer, is grappling with problem of plenty after an estimated record output of 90.23 million tonne in the 2011-12 crop year (July-June).

“I made a suggestion to Malaysia to consider importing wheat in bulk from India,” Food Minister said after meeting Malaysia’s plantation industries and commodities minister.

India is working on options, including wheat exports, to ease a storage crisis, which is mounting, as rice and in the government godowns have already crossed 70 mt, against the storage capacity of 63 mt.

The government's foodgrain stocks have risen due to record procurement in the last few years following bumper production.

The Malaysian delegation is on a six-day visit to India to strengthen bilateral relations.

Bilateral trade between India and Malaysia touched a record $12.5 billion in 2011.

image

Read More

Cardamom rises 1.23% on spot demand

Cardamom prices rose by Rs 15.20 to Rs 1,250 per kg in futures trade today as speculators enlarged their positions, supported by pick up in spot ...

Recommended for you

Advertisements

Quick Links

Market News

Sensex drops 297 points to end below 27,450; Infosys slumps 6%

The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.

Nifty ends 77 points lower; Infosys' Q4 earnings weigh

The 30-share Sensex provisionally ended down 252 points at 27,483 and the 50-share Nifty ended down 77 points at 8,321.

Gold recovers on wedding season demand, global cues

Metal adds Rs 190 to Rs 27,190 per 10 grams in National Capital, Silver up Rs 250 to Rs 36,500 per kg

Cairn India rebounds from 52-week low

The moved higher by 3% to Rs 221,bouncing back 9% from its 52-week low of Rs 202 touched on the NSE in early morning trade.

CNX IT index drops 3%; Infosys hits three-month low

Infosys,Tech Mahindra, Rolta India, Polaris Consulting, Tata Elxsi and KPIT Techno were down 4%-9% on the NSE.

 

Back to Top