India Ban On Corn Exports Expires

Matt Hopkins Posted by Matt Hopkins|28 October 2008

The Indian government’s ban on corn exports, which was imposed on July 03, 2008, lapsed on October 15, 2008 as the government didn’t extend it further. India exports around 0.5 to 1 million tons of corn annually to South East Asian countries. In 2007-08 (Oct-Sep), however, exports surged to 2.5 to 3 million tons on good prices in international markets. Indian traders saw dim prospects for exports this year due to a slump in prices and sluggish demand.

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