India's MMTC raises volume in corn tender to 175,000 T (updated)

MMTC

07/01/2020 07:56

(Adds detail from paragraph three)
    HAMBURG, Jan 7 (Reuters) - Indian state-run trading company
MMTC  MMTC.NS  has raised the volume of corn sought in an
international purchase tender to around 175,000 tonnes from
about 50,000, European traders said on Tuesday.
    The company has also postponed the deadline for offer
submissions in the tender to Jan. 14 from Jan. 7, they said.
    Offers must remain valid up to Jan. 20.
    The tender now seeks three 50,000 tonne consignments with
one each to be unloaded at the ports of Visakhapatnam, Tuticorin
and Mangalore. 
    A further 25,000 tonne consignment should be shipped to
Mumbai. Shipments can be 5% larger or smaller than 50,000 or
25,000 tonnes.
    The shipment period has been delayed to Feb. 10 at the
latest from Jan. 22.
    Yellow corn is sought free of genetically modified organisms
(GMOs) to be sourced from any optional origins. 
    Resales of corn already loaded on ships are not accepted in
the tender, they said.

 (Reporting by Michael Hogan; editing by Jason Neely)
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