SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
Business Standard

Malaysia seeks regular supply of wheat from India

Thomas says decision would be taken after the Malaysian government sends a formal proposal

Related News

Aiming to enhance bilateral trade with India, the Malaysian government today sought regular supply of from India, which is sitting on a huge stocks of the foodgrains.

India lifted ban on wheat exports from September 2011 following record bumper production and procurement.

"The way Iran wants to buy wheat from India on long-term basis, the Malaysian government is also interested to have long-term contract with India for wheat," Food Minister K V Thomas told reporters after meeting the visiting Malaysian Agriculture Minister Datuk Seri Noh Bin Omar, here.

Some small quantity of wheat is being exported through private trade to the Southeast Asian country. However, wants long-term contract with India for supply of Indian wheat through diplomatic channel, he said.

Thomas said a decision on this issue would be taken after the Malaysian government sends a formal proposal.

"We have asked them to send a formal proposal and also a technical team to India to check the quality of our grain," the minister said.

Other issues related to palm oil were also discussed during the meeting, he added.

Asked about progress made in Iran export deal, Thomas said, "Some issues still remain unresolved at their end. They have to get back."

In the face of surplus stocks, India is now scouting for global wheat market. Over 1.5 million tonne wheat via private trade has already been exported since September 2011.

As on October 1, the government godown has a stock of 66.52 million tonne, against 51.78 million tonne a year ago.

Read more on:   
|

Read More

Spices up on festive buying, better rabi crop estimates

Boosted by festive buying and better rabi crop prospects on favourable climate, spices complex were up in early-Wednesday trade on the National ...

Recommended for you

Quick Links

Market News

Cotton prices rise on CCI procurement, lower yield estimates

Improvement in international prices has also made exports viable

Oil won't swing back to $100 soon: Analysts

Last summer, after an unusually long period of relative stability, oil prices embarked on a downward journey, decreasing by half in just six ...

Mutual Fund AUM top Rs 12 lakh crore

Equity inflows for the financial year cross Rs 61,000 cr

Ortel IPO fails to liquidate PE's holding

The Rs 240-crore IPO of the cable and internet services provider, which ended on Thursday, failed to garner full subscription

Govt proposal to halt trading irks market participants

Market raps disinvestment department's proposal to Sebi for suspension of trading in a stock during divestment as ill-conceived, unfair and ...

 

Back to Top