Indian state firms to buy rice on commercial terms
NEW DELHI, Nov 4 (Reuters) - Indian state trading companies will import rice only on commercial terms, Farm Minister Sharad Pawar said on Wednesday at the annual Economic Editors Conference.
India's MMTC Ltd (MMTC.BO: Quote, Profile, Research), PEC and State Trading Corp (STCI.BO: Quote, Profile, Research) has issued tenders to import 10,000 tonnes of rice each as domestic output is set to fall after the worst monsoon in 37 years. (Reporting by Mayank Bhardwaj and Ratnajyoti Dutta; Editing by John Mair)
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