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Global buyers scout for Indian brown rice as Vietnam begins importing
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Bangladesh offers hope as corn exports to South-East Asia slow down
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April 16, 2021
Malaysia, Thailand and Vietnam purchase Indian produce for poultry feed
Unrest in Myanmar and high shipping charges have resulted in South-East Asian countries and Bangladesh turning to India to meet their maize (corn) demand for feed purposes.
“Vietnam, Malaysia, Bangladesh and Sri Lanka are buying maize from India,” said Bimal Bengani, Managing Director of Kolkata-based trading house Bengani Food Products Pvt Ltd.
“Malaysia, Vietnam and Thailand are buying Indian maize to meet the demand of the chicken and poultry sectors. One reason for these countries to turn towards India is the unrest in Myanmar arising out of the Army taking over the administration there,” said Delhi-based trade analyst S Chandrasekaran.
Now, Vietnam begins buying higher grade rice from India
April 12, 2021
Charges for shipping to Indonesia and Malaysia have doubled to $40/tonne, while for Africa they have risen to $90/tonne - REUTERS
The move will help reduce FCI’s burden on storage and handling costs, say exporters
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Charges for shipping to Indonesia and Malaysia have doubled to $40/tonne, while for Africa they have risen to $90/tonne - REUTERS
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Vietnam, which resumed rice imports from India after decades purchasing lower priced 100 per cent broken variety, has now begun to buy better quality grades to meet its other domestic needs.
“Vietnam is buying five per cent broken white rice from us since its production is lower. This five per cent broken is used for supply to its defence forces and industrial users,” said M Madan Prakash, Agri Commodities Exporters Association (ACEA) President.
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