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

MMTC

08/07/2019 09:49

(Adds detail from paragraph four)
    HAMBURG, July 8 (Reuters) - Indian state-run trading company
MMTC  MMTC.NS  has issued an international tender to buy and
import yellow corn (maize), European traders said on Monday.
    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.
    The tender closes on Tuesday, July 9. Offers must remain
valid up to July 16.
    The tender seeks corn free of genetically-modified organisms
(GMOs) from any origins for shipment between July 20 and Aug.
20, traders said.
    The MMTC repeatedly delayed a previous tender for corn
issued in April after global corn prices rose sharply from May
largely on fears poor weather would damage U.S. crops.  GRA/ 
    The MMTC plans to import corn at lower taxes for Indian
consumers such as starch makers and poultry farmers.
 urn:newsml:reuters.com:*:nL3N20D2MS
    Below-normal rains and insect damage have slashed India's
corn output and raised prices.  urn:newsml:reuters.com:*:nL4N23Z3M9 
 urn:newsml:reuters.com:*:nL4N24904B

 (Reporting by Michael Hogan;
Editing by Edmund Blair)
 ((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54;
Reuters Messaging:
michael.hogan.thomsonreuters.com@reuters.net))