NEW DELHI: India, the world's biggest rice exporter, will soon finalize a non-basmati rice exports contract with Indonesia in a rare government-to-government deal,

Trade Secretary Rita Teaotia said on Monday, as rice prices started firming up following drought in key producing countries.

India could ask the state-run Food Corporation of India to sell around 1 million tonnes rice from its stockpile to Indonesia, the world's leading rice importer , industry officials said.

Rice prices in Asia are hovering around their highest levels in two years.

Source:economictimes.indiatimes.com