NAFED receives no bids for one tender to import maize, defers another.

NAFED did not receive a single bid for its tender to import 50,000 tn maize. The agency was looking to import maize at Tuticorin port. Another tender seeking bids to import 50,000 tn maize at the Mangalore port, scheduled to close at 3:00 PM, was deferred to Friday. NAFED has floated two tenders each seeking bids to import 50,000 tn of non-genetically modified maize from the Ukraine. The delivery was expected between Jan 10 and Jan 31. The bids have to remain valid till Dec 24.

There were no bids as suppliers were sceptical of giving in for the bid validity period as prices may move during the 20-day validity period. On Jul 9, DGFT had allowed import of 400,000 tn of maize under the tariff rate quota at a reduced import duty of 15%. The government had said that applications for imports had to be submitted to state trading enterprises. For 2019-20 kharif season, poultry feed and starch manufacturers, the key industrial users of maize, peg maize output at 16.1 mln tn, lower than the government's estimate of 19.9 mln tn. The government has pegged 2018-19 maize output at 27.2 mln tn compared with 28.8 mln tn in 2017-18. MMTC Ltd and National Agricultural Cooperative Marketing Federation of India were allocated an import quota of 200,000 tn each for maize during the current financial year. Domestic end-users have been urging the government to allow maize imports due to a smaller crop in 2018-19 (Jul-Jun) and the kharif period of the current season.

Insert title here