Page 33 - Think Grain Think Feed-Jan24

www.benisonmedia.com INDUSTRY NEWS No Immediate Plans to Allow

Think Grain Think Feed - Volume 10 | Issue 3 | Jan 2024

Duty-Free Corn Imports in India

Image Source: CISS Group

“Ground reports indicate that from its warehouses. and farmers' interests,” he
the crop is quite good and Despite selling wheat from said.
this year's production is its granaries, inventories at India, also the world's
expected at a record 114 state warehouses are likely to second-biggest rice
million metric tons,” Piyush remain above the target of producer, last year banned
Goyal told reporters. 7.46 million metric tons fixed overseas shipments of non-
India banned wheat exports for April 1, when a new basmati white rice. And New
in 2022 after output was marketing year starts, a top Delhi has also stopped mills
curtailed due to a heat wave, government official said from exporting sugar this
but more recently overseas earlier this month. year.
sales picked up as Russia's The country's wheat stocks Goyal also said his
invasion of Ukraine sent at state warehouses stood at government has no
global prices to multi-year 16.47 million metric tons as immediate plans to allow
highs. of Jan. 1, the lowest since duty-free imports of corn -
The government has sold 2017. also known as maize in India
around 6 million metric tons Goyal said India would for - turning down the poultry
of wheat to local bulk buyers now continue with its export industry's demands. “Farmers
since June 1, when the state- curbs on wheat, rice and will plant more maize this
run Food Corporation of sugar. “We are committed to year,” he said.
India started selling the grain protecting both consumers' Source: Business Recorder

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