MMTC postpones Maize gentle cut-off date to May 22 by admin- Wednesday, May 15th, 2019 07:20:08 PM
The MMTC once more postponed the cut-off date for offer submissions in an global tender to buy and import yellow corn (maize), this time to May 22, European investors told Reuters.
The closing date for gives became at first May 8 and had been postponed to May 15. The smooth seeks maize free of genetically-modified organisms (GMOs).
India used to be a primary maize exporter to south-east Asia. But it has come to be an importer because of falling output and growing call for from hen producers and corn starch producers. This has raised home prices.
Recent maize import shipments were stated from Ukraine, said to be the primary in about 3 years.
Offers within the MMTC soft must continue to be valid till June 7.
The MMTC is now soliciting for gives of corn for shipment among June 15 and July 15. Traders are being asked to post gives of as a minimum 20,000 tonnes and a maximum 100,000 tonnes.
The volume purchased could be decided via MMTC depending on the extent of costs received.