Mumbai: India may ban corn exports for a second season to boost local supplies as the crop wilts under the driest monsoon in seven years, the US Grains Council said.
“A ban is a real possibility if prices rise further, ” Amit Sachdev, India representative of the US Grains Council, said in a phone interview from Gurgaon. Farmers planted corn in 6.75 million ha as of 12 August compared with 6.59 million ha a year earlier, according to the farm ministry.