India's MMTC postpones corn tender deadline to May 22 (updated)

MMTC

14/05/2019 07:25

(Adds detail from paragraph 3)
    HAMBURG, May 14 (Reuters) - Indian state-run trading company
MMTC  MMTC.NS  has again postponed the deadline for offer
submissions in an international tender to buy and import yellow
corn (maize), this time to May 22, European traders said on
Tuesday.
    The deadline for offers was originally May 8 and had been
postponed to May 15.  urn:newsml:reuters.com:*:nL5N21Y155
    The tender seeks corn free of genetically-modified organisms
(GMOs).
    India used to be a major corn exporter to southeast Asia.
But it has become an importer due to falling output and rising
demand from poultry producers and corn starch manufacturers.
This has raised domestic prices.  urn:newsml:reuters.com:*:nL3N22L40J
    Recent corn import shipments have been reported from
Ukraine, said to be the first in about three years.
    Offers in the MMTC tender must remain valid until June 7.
    The MMTC is now asking for offers of corn for shipment
between June 15 and July 15. Traders are being asked to submit
offers of at least 20,000 tonnes and a maximum 100,000 tonnes.
    The volume purchased will be decided by MMTC depending on
the level of prices received.  urn:newsml:reuters.com:*:nL3N21M1RE

 (Reporting by Michael Hogan; editing by Jason Neely)
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