2011-11-02

Global News: Indonesia seeks India rice, cuts 2011 output forecast

(News resource: Reuters, Nov. 1, 2011)

Indonesia wants to buy Indian rice under a government deal to help cover its needs for this year, the head of the country's state grain buyer said on Tuesday, as it cut its unmilled rice output forecast by 4 percent on hot weather and disease. The two have been in talks for several months on rice sales after India lifted a ban in place since 2007 on exports of the grain. It was not clear who Bulog would deal with since there is no equivalent government body in India.