India may sell 1 mt of rice to help key partner Indonesia
NEW DELHI: India may sign a memorandum of understanding (MoU) with its key diplomatic partner Indonesia to sell up to 1 million tonnes (mt) of white rice annually, two government officials said..
India’s 20 July ban on non-basmati white rice exports comes even as Indonesia plans to safeguard food security against disruptions caused by the El Nino weather pattern and difficulties with supplies from Vietnam, the current major supplier.
Although Indonesia is self-sufficient in rice production, it procures rice through MoUs when there is uncertainty in meeting its domestic demand. Currently, Indonesia has MoUs for the supply of white rice with Myanmar, Pakistan, Thailand, Cambodia and Vietnam.
“Indonesia is now facing difficulties as Vietnam, the current major supplier to the nation, aims to cut its rice exports significantly amid a drought forecast due to El Nino effects. To ensure meeting domestic demand, Indonesia is looking at India as an alternative supplier, and accordingly, the country has proposed an MoU for procuring up to 1 mt of white rice annually from India which is subject to availability.” one of the officials said.
Source Link: https://www.livemint.com/news/india/india-may-sell-1-mt-of-rice-to-help-key-partner-indonesia-11697388112050.html
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