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MMTC postpones tender to buy corn: Trade.


Date: 11-07-2019
Subject: MMTC postpones tender to buy corn: Trade
Indian state-run trading company MMTC has postponed the deadline for offer submissions in an international tender to import yellow corn to Thursday, July 11, European traders said on July 10.

The previous tender deadline was Tuesday, July 9. Offers must now remain valid up to July 18.

The volume purchased will be decided by MMTC later depending on the level of prices received but minimum offers are 24,000 tonnes to 25,000 tonnes.

India lowered import taxes on an additional 400,000 tonnes of corn to 15%, the government said on July 9, to counter a rise in animal feed prices in the country following drought last year.

Source: moneycontrol.com

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