M’sia signs record rice import deal with India

MUMBAI: Malaysia has contracted to import a record 100,000 tonnes of rice from India for shipment this month and next, four industry officials told Reuters, in a further sign of improving trade relations between the countries after a diplomatic spat.

The first such purchase this year is already nearly twice the average annual volume of rice Malaysia has imported from India in the last five years, as rival suppliers such as Myanmar, Vietnam and Cambodia placed temporary curbs on exports to save the grain for themselves during the coronavirus crisis.