Corn exports may be banned on drought fears

Corn exports may be banned on drought fears
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First Published: Tue, Aug 25 2009. 10 41 PM IST
Updated: Tue, Aug 25 2009. 10 41 PM IST
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.
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First Published: Tue, Aug 25 2009. 10 41 PM IST
More Topics: Corn | Export | Commodity | India | Money Matters |