WASHINGTON: India is to import 9,82,750 metric tons of U.S. wheat in the current financial year.
A three-member delegation from the food ministry, the government of India, successfully concluded discussions with the U.S. Department of Agriculture (USDA) regarding import of about one million tons of U.S. wheat under the export enhancement program during 1992-93,” according to an Indian embassy, Commerce Wing, Press release issued Oct.5.
Following the discussions, tenders were invited from 24 leading grain exporting companies registered with USDA. On October 1,1992 and “on the basis of the bids received by the USDA, export of 982,750 metric tons of wheat to India for shipment during October 1992 March 1993 has been approved,” it said.
The average EEP (Export Enhancement Program) bonus allowed by USDA on these exports is U.S. dollars 33.45 per metric ton. The net export price for the October-December period 1992 will be 110.50 dollars per metric ton on FOB gulf ports basis. Approval of the proposed imports has been received from the government of India, New Delhi.”
Article extracted from this publication >> October 16, 1992
