Egg body demands ban on maize exports
The National Egg Co-ordination Committee (NECC) in India has demanded an immediate ban on the exports and futures trading of maize as the prices of the grain, an important poultry feed, are rising to exorbitant levels.
The NECC says this would put an end to hoarding in the name of exports and
speculation in the forward markets while at the same time not hurt genuine
export. The poultry industry is facing a deep crisis due to a precedent increase
in the price of essential feed ingredients like maize and soy meal, it adds.
A statement issued by the committee states that last year, responding to
their appeal, the government had banned the export of maize by private parties.
It said: “This had an impact and price of maize decreased. However, the
government has once again allowed export by private parties. It is free for all
now and this is what has triggered a sudden increase in the
price.”
Related website:
NECC
To
receive more free animal feed news, subscribe
here
Join 26,000+ subscribers
Subscribe to our newsletter to stay updated about all the need-to-know content in the feed sector, three times a week.
