India's MMTC tenders to buy corn, volume undecided- traders (updated)

MMTC

16/04/2019 07:51

(Adds detail from paragraph four)
    HAMBURG, April 16 (Reuters) - Indian state-run trading
company MMTC has issued an international tender to buy and
import yellow corn (maize), European traders said on Tuesday.
    The volume purchased will be decided by MMTC later,
depending on the level of prices received, but minimum offers
are 20,000 tonnes.
    The tender closes on May 8. Offers must remain valid until
May 26.
    The tender seeks corn free of genetically-modified organisms
(GMOs) from any origins, for shipment between May 29 and June 20
to a number of Indian ports, they said.
    Below-normal monsoon rains and insect damage have slashed
India's corn output and raised prices.  urn:newsml:reuters.com:*:nL3N20A3H5
    The MMTC plans to import corn at lower import duties for
Indian consumers such as starch makers and poultry farmers.
 urn:newsml:reuters.com:*:nL3N20D2MS

 (Reporting by Michael Hogan, editing by Kirsten Donovan)
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