December 15, 2022
Photo by Andrea Gant
In India, high corn prices are driving market forces toward exports, but the nation’s poultry and feed industries want the grain to remain in the country as a feed ingredient.
The government of India is reported to be considering imposing a ban on exports of home-grown corn, according to Economic Times. However, industry insiders think the government is unlikely to impose such a ban. This is based mainly on the fact that corn is not classed as an essential commodity in India.
Nevertheless, the source reports, the Commerce Ministry has received a request from the Ministry of Food Processing Industry to constrain the outgoing trade. Starch manufacturers say the price of this key raw material has been rising as a result of limited market availability.