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    Home > Active Ingredient News > Feed Industry News > India has yet to decide on corn exports

    India has yet to decide on corn exports

    • Last Update: 2001-06-09
    • Source: Internet
    • Author: User
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    Lead: [India has not yet decided on corn exports] a senior Indian official told Reuters on Wednesday that the Indian government is waiting for the latest advice from the state-owned grain purchase Bureau before deciding on corn exports "FCI, an Indian food company, will provide new advice as domestic corn prices are rising," said a food industry official We plan to export corn, but we will wait for the FCI to make a decision " The price of corn sold in New Delhi on Wednesday was about 5600 rupees ($119.2) / ton, compared with about 4000 rupees in early May Last month, 425000 tons of corn supplied by FCI to state-owned trading companies were used for export, and the price outside the granary was about 4000 rupees / ton The government has developed a huge APEDA for agricultural and food processing exports, with a maximum quantity of 200000 tons of corn for export to private traders The purchase price of FCI from farmers is 4450 rupees / ton, and it plans to provide subsidies of 25-30 US dollars / ton for exports International traders originally claimed that the Indian government believed that the offer price of exported corn was increasing due to higher domestic prices India produces about 10 million tons of corn a year Last year, a small amount of corn was imported to meet the needs of the poultry industry YCR: China feed industry information network
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