Business Standard

India asks Malaysia to explore bulk wheat buy

Press Trust Of India 

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.

RECOMMENDED FOR YOU

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

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Kirloskar Oil 216.50 2.17
A B B 1078.60 1.76
Natco Pharma 446.40 1.35
Elgi Equipment 122.20 1.28
MphasiS 431.30 0.89
> More on BSE Gainers
Company Price() Chg(%)
SE Investments 188.55 4.17
A B B 1086.05 2.93
Prestige Estates 162.75 2.42
Elgi Equipment 122.95 2.08
Munjal Showa 168.00 1.17
> More on NSE Gainers
Company Price() Chg(%)
8K Miles 1421.85 -19.55
Unitech 4.09 -16.36
KSK Energy Ven. 39.60 -14.47
Pipavav Defence 55.55 -14.21
C P C L 145.00 -14.12
> More on BSE Gainers
Company Price() Chg(%)
Unitech 4.10 -16.33
KSK Energy Ven. 39.50 -14.32
C P C L 144.65 -14.26
Pipavav Defence 55.75 -14.03
Castex Tech 8.15 -13.76
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price