India Seeking To Buy Vietnamese Rice

According to reports in the local media, India may import about 2 million MT of rice, including government-to-government deals with Thailand and Vietnam.

A ministerial panel, headed by Finance Minister Pranab Mukherjee, is most likely to make a decision on various proposals for rice imports on November 12.

India's worst monsoon in 37 years has shrunk the summer-sown rice output, raising prospects of higher food prices and further dependence on imports for the main food crop.