Corn import tender cancelled; government expects high yield this year
The Dollar Business Bureau India has cancelled the tender of importing 24,000 tons of corn hoping for a domestically grown bumper crop this year and also relenting to the pressure of not bringing in non-genetically remolded crop into the country. The tender was submitted by global traders like Concordia, Agrocorp, Starcom, Noble and Dawood international on February 12, to enhance the supply of corn in the price range of $194.62 and $221.50 per ton. In the previous tender, New Delhi had secured supplies of 2,50,000 tons of Ukrainian corn. However, the cancellation of this tender has put plans of importing of corn on the backburner. In the previous year, due to drought the government had demanded the state- run Pec Ltd to import half ...
Government agencies to get Rs.113 cr reimbursement for losses on pulses import
Source: PIB, Government of India The Union Cabinet, chaired by Prime Minister Narendra Modi has approved the proposal of the Ministry of Consumer Affairs, Food & Public Distribution, to reimburse Rs.113.40 crore of losses on pulses imported between 2006-2011. The imported agencies include National Agricultural Cooperative Marketing Federation (NAFED), Project and Equipment Corporation (PEC), State Trading Corporation (STC) and Metals and Minerals Trading Corporation (MMTC), apart from losses incurred in the sale of pulses up to six months after closure of the scheme. This will enable the Central PSUs to intensify trading activities to cool down prices. In order to ensure retail distribution to the consumers, it was decided to import 5,000 tonnes of Tur Dal and 5,000 tonnes of Urad Dal ...
