New Document top_band
 
Business Standard

India asks Malaysia to explore bulk wheat buy

Read more on:    Malaysia | Wheat | Wheat Stocks | K V Thomas
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:   
|
|
|

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 ...

Quick Links

 

Market News

Govt concessions to debt funds a partial relief: MF industry

High tax rate of 20% on the debt mutual fund will apply from July 10

FPIs pump in Rs 1.22 lakh cr in securities

In 2013, investments in Indian securities was Rs 62,288 crore

Markets snap eight-day winning streak on profit taking

Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session

Is Wipro the least preferred frontline IT stock?

Broad-based growth continues to elude the firm, sequential growth momentum fails to pick up over previous year

Gold imports stood at 638 tonnes in 2013-14

Quantity of gold imported in 2012-13 was 845 tonnes

Back to Top