Poster in Jan 31, 2022 17:28:44

China bought Indian rice for the first time in decades due to tightening supplies

China bought Indian rice for the first time in decades due to tightening supplies

[caption id="attachment_5941" align="aligncenter" width="1014"]China bought Indian rice for the first time in decades due to tightening supplies File Photo[/caption] China has started importing Indian rice for the first time in at least three decades due to tightening supplies and offers of sharp discounts from India, Indian industry officials said. India is the world’s biggest exporter of rice and China is the biggest importer. Beijing imports around 4 million tons of rice annually but has avoided purchases from India, citing quality issues. The breakthrough comes at a time when political tensions between the two countries are high because of a border dispute in the Himalayas. “For the first time China has made rice purchases. They may increase buying next year after seeing the quality of Indian crop,” said B.V. Krishna Rao, president of the Rice Exporters Association. Source: Online/SZK

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