Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Maize imports likely to tame prices, help poultry sector.


Date: 01-07-2016
Subject: Maize imports likely to tame prices, help poultry sector
PUNE: Poor rains in June saw the price of maize, an important ingredient for poultry food, rise and the poultry industry hopes the prices will calm down with the Central government suggesting it might allow import of 5 lakh tonnes of maize under the tariff rate quota (TRQ).

Maize spot prices jumped more than 20%, from `13/kg to more than `16/kg, in a month in June. The poultry and starch industry has approached PEC again to allow duty free corn import under TRQ. Public sector firm PEC had floated a tender to import 5 lakh tonnes of maize last year, of which it imported 2.50 lakh tonnes. Trade sources told ET that the government has asked PEC to seek fresh quota of 5 lakh tonnes for 2016-17.

The international prices of genetically modified (GM) corn are down as the US crop is expected to be good. However, India allows import of only non-GMO maize, which is not adequately available in the international market and is more expensive its GM counterpart. The Central government had allowed the industry to import 50,000 tonnes of maize in June. However, the tender had received one bid of $254-255/tonne CNF Gujarat ports, which is way above the ruling domestic prices of about `18/kg.

"The availability of non-GMO corn is a concern as the Ukraine crop is almost at its fag end and new crop will be available for shipments around November. So the expected price for the CIF quotes are likely to range between $250 to 260/tonne," said Rajiv Yadav, VP (grains and oilseeds), Noble Agri.

Source : economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-11-2021
Notification No.92/2021 - Customs (N.T.)
Exchange rates Notification No.92/2021-Cus (NT) dated 18.11.2021

Date: 03-11-2021
Notification No.90 /2021 - Customs (N.T.)
Exchange rates Notification No.90/2021-Cus (NT) dated 03.11.2021

Date: 03-11-2021
Notification No.52 /2021-Customs
Seeks to amend Notification No. 18/2019-Customs reducing Road and Infratructure Cess (RIC) on Petrol and Diesel.

Date: 29-10-2021
Notification No.88/2021 - Customs (N.T.)
Exchange rates Notification No.88/2021-Cus (NT) dated 29.10.2021

Date: 29-10-2021
Notification No. 87/2021-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 27-10-2021
Notification No. 85/2021-Customs (N.T.)
Courier Imports and Exports (Electronic Declaration and Processing ), Amendment, Regulations, 2021

Date: 27-10-2021
Notification No. 86/2021-Customs (N.T.)
Courier Imports and Exports (Clearance), Amendment, Regulations, 2021

Date: 27-10-2021
Notification No. 83/2021-Customs (N.T.)
Seeks to further amend Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidised Articles and for Determination of Injury) Rules, 1995 to introduce Anti-Absorption provisions in these rules.

Date: 27-10-2021
Notification No. 84/2021-Customs (N.T.)
Seeks to further amend Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 to introduce the Anti-Absorption provisions and make certain other miscellaneous changes.

Date: 22-10-2021
Notification No. 50/2021-Customs
Seeks to amend notification No. 96/2008- Customs dated 13.08.2008 to include Sierra Leone



Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001