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By : Oneindia Video Team
Published : December 02, 2020, 05:40
Duration : 00:54

China buys Indian rice for the first time in at least 3 decades: Why

China has started importing Indian rice for the first time in at least three decades due to tightening supplies and an offer from India of sharply discounted prices. India is the world's biggest exporter of rice and China is the biggest importer. Beijing imports around 4 million tonnes 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. 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.
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