Corn import tender cancelled; government expects high yield this year
The Dollar Business Bureau India has cancelled the tender of importing 24,000 tons of corn hoping for a domestically grown bumper crop this year and also relenting to the pressure of not bringing in non-genetically remolded crop into the country. The tender was submitted by global traders like Concordia, Agrocorp, Starcom, Noble and Dawood international on February 12, to enhance the supply of corn in the price range of $194.62 and $221.50 per ton. In the previous tender, New Delhi had secured supplies of 2,50,000 tons of Ukrainian corn. However, the cancellation of this tender has put plans of importing of corn on the backburner. In the previous year, due to drought the government had demanded the state- run Pec Ltd to import half ...
Grown-in-India corn in trouble?
Shivani Kapoor | The Dollar Business Why does almost everything that’s talked about as a ‘positive detection’ in biology lead to a ‘negative shift’ in sentiments? Actually, that happens in exports too. Call it a corny coincidence if you will, but one such positive-yet-negative moment for exporters is now. Detection of aflatoxin (a toxin produced by a certain variety of fungus and commonly known to be cancer-causing) by Canadian authorities in corn originating from India is likely to have Indian exporters like a cat on hot bricks. This revelation is also set to send many ‘Grown-in-India’ corn importing nations into a trip of apprehension. [Whether it ends up being just a minor fright for either camp is a good ...
