UPDATE 2-China to end state corn stockpiling, free up prices

* China to let market decide corn prices

* Pushing to end gap between domestic, foreign prices

* Also wants to boost efficiency in farming sector

* New policy to come into effect in October

* Could lead to exports of Chinese corn -analyst (Adds analyst comment, detail)

By Niu Shuping and David Stanway

India extends wheat import tax by 3 months to June 30 - govt order

NEW DELHI, March 29 (Reuters) - India has extended a 25
percent import tax on wheat by three months to June 30, a
government order said on Tuesday.

The move is aimed at shielding domestic farmers from cheap
imports particularly as wheat from the new-season harvest will
become available by the end of this month, government sources
told Reuters last week.

India, the world's biggest wheat producer after China,
raised the import tax to 25 percent from 10 percent in October.

TABLE-Thai-Vietnamese 5 pct grade rice prices - March 29

BANGKOK, March 29 (Reuters) - Following is a table of Thai
and Vietnamese 5 percent broken grade supplied by traders.
(Bulk quotations in U.S. dollars per tonne FoB assessed by
Thomson Reuters)

Shipment Bid Ask Previous
Thai $365-$382 $365-$381 FoB Bangkok
Vietnam $385-$390 $385-$390 FoB Saigon

(Reporting by Pairat Temphairojana in BANGKOK and Ho Binh Minh
in HANOI; Editing by Subhranshu Sahu)

Iraq issues tender to buy at least 50,000 tonnes of wheat -trade

ABU DHABI/HAMBURG, March 29 (Reuters) - Iraq's state grains
board has issued an international tender to buy at least 50,000
tonnes of wheat, traders said on Tuesday.

The tender closes on April 10 and offers must remain valid
up to April 14, they said.

Volumes in Iraq's wheat tenders are nominal and the country
frequently buys more than it tenders for.

Facing losses and grain glut, U.S. farmers to plant more corn

By Tom Polansek and Karl Plume

MANHATTAN, Ill., March 29 (Reuters) - Three years into a
grain market slump, U.S. farmers are set to plant more corn,
taking a calculated gamble that higher sales will help them make
up for falling prices without triggering even more declines.

China says to end state corn stockpiling, free up prices

BEIJING, March 29 (Reuters) - China will end its nine-year
old state corn stockpiling system and allow the market to
determine prices, the State Administration of Grain said in a
statement on Tuesday.

The move comes as Beijing pushes to end a widening gap
between domestic and international prices that has led to a
surge of cheaper imports.