Malaysia seeks regular supply of wheat from India

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

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.

image
Business Standard
177 22
Business Standard

Malaysia seeks regular supply of wheat from India

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

Press Trust of India  |  New Delhi 

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.

RECOMMENDED FOR YOU

Malaysia seeks regular supply of wheat from India

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

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

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.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
H P C L 930.90 9.81
Finolex Cables 334.05 9.43
B P C L 1010.85 9.12
Prestige Estates 184.75 8.84
Lycos Internet 18.95 7.67
> More on BSE Gainers
Company Price() Chg(%)
Finolex Cables 337.00 10.20
H P C L 931.65 9.65
B P C L 1012.00 9.19
Prestige Estates 184.20 8.29
Reliance Power 52.25 7.40
> More on NSE Gainers
Company Price() Chg(%)
Novartis India 724.80 -12.45
Vaibhav Global 267.80 -6.15
Fortis Health. 164.05 -5.56
R C F 43.05 -5.49
Essel Propack 184.25 -4.41
> More on BSE Gainers
Company Price() Chg(%)
R C F 43.05 -5.38
Fortis Health. 164.00 -5.28
VRL Logistics 276.80 -4.83
Vaibhav Global 267.70 -4.77
Ruchi Soya Inds. 22.20 -4.72
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard