Government clears 5,00,000 tonnes of corn imports at reduced duty to boost poultry sector

India’s corn imports in 2019 jumped to 312,389 tonnes in 2019 from thirty,962 tonnes a 12 months back

The Central Governing administration has authorised imports of five hundred,000 tonnes of corn this 12 months at a concessional 15 for every cent import tax as it tries to augment materials of the animal feed for the poultry industry.

India, the world’s seventh-greatest corn producer, normally imposes a sixty for every cent import tax on the grain.

The corn imports underneath the tariff-level quota (TRQ) ended up permitted for stop-customers in the poultry and starch supply sectors, the govt reported in a notification.

A major exporter of corn to southeast Asia right up until a couple of a long time back, India has turned importer as output has fallen and desire has developed from domestic poultry producers and corn starch brands.

India’s corn imports in 2019 jumped to 312,389 tonnes in 2019

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