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China Buys Indian Rice For 1st Time In Decades As Supplies Tighten... (view source)
Revision as of 08:13, 22 December 2020
, 08:13, 22 December 2020Created page with "<br>MUMBAI, Dec 2 (Reuters) - China has started importing Indian rice for the first time in at least three decades due to tightening supplies and an offer from India of sharpl..."
<br>MUMBAI, Dec 2 (Reuters) - China has started importing Indian rice for the first time in at least three decades due to tightening supplies and an offer from India of sharply discounted prices, Indian [http://www.thefreedictionary.com/industry%20officials industry officials] told Reuters.<br> <br>India is the world's biggest exporter of rice and China is the biggest importer.<br>Beijing imports around 4 million tonnes of rice annually but has avoided purchases from India, citing quality issues.<br> <br>The breakthrough comes at a time when political tensions between the two countries are high because of a border dispute in the Himalayas.<br> <br>"For the first time China has made rice purchases. They may increase buying next year after seeing the quality of Indian crop," said B.V.<br><br>Krishna Rao, president of the Rice Exporters Association.<br> <br>Indian traders have contracted to export 100,000 tonnes of broken rice for Dec-February shipments at around $300 per tonne, industry officials said.<br> <br>China's traditional suppliers, [https://www.kynghidongduong.vn/tours/tour-du-lich-ha-noi-bac-kan-ho-ba-be-cao-bang-hang-pac-bo-thac-ban-gioc.html tour hồ ba bể từ hà nội] such as Thailand, Vietnam, Myanmar and [https://www.kynghidongduong.vn/tours/tour-du-lich-ha-noi-bac-kan-ho-ba-be-cao-bang-hang-pac-bo-thac-ban-gioc.html kynghidongduong.vn] Pakistan, have limited surplus supplies for [https://www.kynghidongduong.vn/tours/tour-du-lich-ha-noi-bac-kan-ho-ba-be-cao-bang-hang-pac-bo-thac-ban-gioc.html tour hồ ba bể] export and were quoting at least $30 per tonne more [http://www.ehow.com/search.html?s=compared compared] with Indian prices, according to Indian rice trade officials.<br> <br>(Reporting by Rajendra Jadhav; Editing by Sanjeev Miglani and Kenneth Maxwell)<br>
