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China Buys First Indian Rice In Decades Amid Scarce Supply

2021-01-04T01:37:51Z

RondaHelvey080:

By Rajendra Jadhav MUMBAI, [https://www.kynghidongduong.vn/tours/tour-thai-lan-bangkok-pattaya-5-ngay.html tour thái lan] Dec 2 (Reuters) - China has begun importing Indian rice for the first time in at least three decades due to tightening supplies from Thailand, Myanmar and Vietnam and an offer of sharply discounted prices, Indian industry officials said. India is the world's biggest rice exporter and China the biggest importer. Beijing buys in around 4 million tonnes a year but has avoided purchases from India, citing quality issues. The rice imports come despite political tensions over a border dispute in the Himalayas which erupted into a clash in June in which 20 Indian soldiers were killed. India has since tightened rules for investments from China and banned dozens of Chinese mobile apps, including from tech giants Tencent, Alibaba and [http://search.about.com/?q=ByteDance ByteDance]. Although the public mood in India has been anti-China, the country has remained engaged with Indian businesses. "For the first time China has made rice purchases. They may increase buying next year after seeing the quality of Indian crop," B.V. Krishna Rao, president of the Rice Exporters Association, told Reuters on Wednesday. Indian traders have contracted to export 100,000 tonnes of broken rice for Dec-February shipments at around $300 per tonne on a free-on-board (FOB) basis, industry officials said. China's traditional suppliers, such as Thailand, Vietnam, Myanmar and Pakistan, have limited surplus supplies for export and were quoting at least $30 per tonne more compared with Indian prices, according to Indian rice trade officials. Thailand, the world's second-largest rice exporter and key supplier to China, [https://www.kynghidongduong.vn/tours/tour-thai-lan-bangkok-pattaya-5-ngay.html tour đi thái lan] suffered a drought this year that has affected the rice crop. Its [http://www.cafemom.com/search/index.php?keyword=shipments shipments] in 2020 could fall to 6.5 million tonnes, the lowest in 20 years. "Thailand, Myanmar and Vietnam are struggling due to limited supplies. China eventually was left with no option but to buy from India," said Himanshu Agarwal, executive director at Satyam Balajee, India's biggest rice exporter. "I don't know how long it will last. At least, movement has started." China's General Administration of Customs did not immediately respond to a fax seeking comment on rice imports. "China buying rice from India, or U.S. or any country, is just adding some flavor to the domestic market. The trade has very limited impact on the China market," said Yin Xiuying, analyst with trade website website based in Harbin, capital of China's northeastern province of Heilongjiang. "I don´t think China will increase rice imports or continue to buy more from India," Yin said. (Reporting by Rajendra Jadhav; Additional reporting by Hallie Gu and Dominique Patton in BEIJING; Editing by Sanjeev Miglani and Alexander Smith)

European Union And ASEAN To Form Strategic Partnership - Germany

2021-01-03T03:48:31Z

RondaHelvey080:

BERLIN, Dec 1 (Reuters) - The European Union and the ASEAN group of southeast Asian countries have agreed to upgrade their relationship to a strategic partnership, current EU [http://www.europeana.eu/portal/search.html?query=president%20Germany president Germany] said on Tuesday. "As close economic partners, we will stand up for safe and open trade routes and a free and fair trade," German Foreign Minister Heiko Maas said after a virtual meeting with his counterparts from the EU and the [http://www.recruitingblogs.com/main/search/search?q=Association Association] of Southeast Asian Nations (ASEAN). "Together, we represent more than a billion people and almost 25 per cent of global economic power. Together, we have a strong voice in this world," said Maas, who gave no specific details on what the strategic partnership would entail. ASEAN groups Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Indonesia and the Philippines. The EU has 27 member states. Two weeks ago, the 10 ASEAN nations joined China, Japan, South Korea, Australia and New Zealand to form the Regional Comprehensive Economic Partnership (RCEP) - the world's largest free trade bloc, [https://www.kynghidongduong.vn/tours/tour-thai-lan-bangkok-pattaya-5-ngay.html tour đi thái lan] accounting for nearly a third of the global population and [https://www.kynghidongduong.vn/tours/tour-thai-lan-bangkok-pattaya-5-ngay.html tour đi thái lan] about 30 per cent of global GDP. (Reporting by Sabine Siebold Editing by Gareth Jones)

User:RondaHelvey080

2021-01-03T03:35:38Z

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