Indian feed industry asks for corn export ban
Corn exports in India have increased to 100,000 tonnes in the past two weeks, which is equal to volumes sold in the previous 45 days. This has lead to a domestic shortage of corn.
The domestic shortage of corn has led to local
prices rising by half to Rs 900 (€15.30) per 100 kg in some markets. India
may comply with the demand from poultry farmers and starch manufacturers to
ban exports and permit duty-free imports, trade minister Kamal Nath already said
on mid November.
The domestic
shortage may stimulate corn import for the first time in five years; 90% of
India’s corn production is used to make animal feed and starch.
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