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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 30,962 tonnes a yr in the past

The Central Federal government has authorised imports of 500,000 tonnes of corn this yr at a concessional fifteen for every cent import tax as it tries to increase provides of the animal feed for the poultry industry.

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

The corn imports beneath the tariff-level quota (TRQ) were allowed for close-customers in the poultry and starch supply sectors, the govt mentioned in a notification.

A big exporter of corn to southeast Asia right until a handful of decades in the past, India has turned importer as output has fallen and need has developed from domestic poultry producers and corn starch makers.

India’s corn imports in 2019 jumped to 312,389 tonnes in 2019 from 30,962 tonnes a yr in the past, the Federal government data confirmed.

India, which does not permit cultivation of any genetically modified food crops, has procedures in location to make sure that imports consist of no trace of genetically modified organisms.

New Delhi also cleared imports of ten,000 tonnes of milk and cream powder for this yr at a concessional fifteen for every cent import tax, the Federal government notification mentioned.

The state also authorised import quotas of one hundred fifty,000 tonnes each individual of rapeseed oil and sunflower oil carrying import taxes of 45 for every cent and fifty for every cent respectively.

India is the world’s most important importer of edible oils. It mainly imports rapeseed/canola oil from Canada and sunflower oil from Ukraine and Russia.

But B V Mehta, govt director of the Solvent Extractors’ Affiliation (SEA), a Mumbai-dependent trade entire body, mentioned Indian refiners may perhaps be not likely to import rapeseed oil and sunflower oil beneath those people tariff-level quotas as the import tax on common imports is really lower, at 35 for every cent.

Released on


June 24, 2020

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