| Date: |
31-05-2016 |
| Subject: |
India to finalize rice export deal with Indonesia soon: Trade secretary |
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NEW DELHI: India, the world's biggest rice exporter, will soon finalize a non-basmati rice exports contract with Indonesia in a rare government-to-government deal, Trade Secretary Rita Teaotia said on Monday, as rice prices started firming up following drought in key producing countries.
India could ask the state-run Food Corporation of India to sell around 1 million tonnes rice from its stockpile to Indonesia, the world's leading rice importer , industry officials said.
Rice prices in Asia are hovering around their highest levels in two years.
Source : economictimes.indiatimes.com
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