India's MMTC postpones tender to buy corn - trade

MMTC

10/07/2019 05:33

HAMBURG, July 10 (Reuters) - Indian state-run trading
company MMTC  MMTC.NS  has postponed the deadline for offer
submissions in an international tender to import yellow corn to
Thursday, July 11, European traders said on Wednesday.
    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 Tuesday, to counter a
rise in  animal feed prices in the country following drought
last year.  urn:newsml:reuters.com:*:nL4N24B0VD

 (Reporting by Michael Hogan)
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