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April 16, 2021 Malaysia, Thailand and Vietnam purchase Indian produce for poultry feed Unrest in Myanmar and high shipping charges have resulted in South-East Asian countries and Bangladesh turning to India to meet their maize (corn) demand for feed purposes. “Vietnam, Malaysia, Bangladesh and Sri Lanka are buying maize from India,” said Bimal Bengani, Managing Director of Kolkata-based trading house Bengani Food Products Pvt Ltd. “Malaysia, Vietnam and Thailand are buying Indian maize to meet the demand of the chicken and poultry sectors. One reason for these countries to turn towards India is the unrest in Myanmar arising out of the Army taking over the administration there,” said Delhi-based trade analyst S Chandrasekaran. ....
Tight global supplies to continue driving India’s maize exports till May Maize (corn) exports from India are expected to go on till May with global supplies projected to be tight this year and demand continuing from Malaysia and Vietnam. The Food and Agriculture Organization (FAO), a UN arm, and the US Department of Agriculture have both projected that the ending stocks this marketing season (July 2020-June 2021) would be lower compared with last year. Both agencies have, however, raised the ending stocks in their reports this month on higher production estimates. The FAO’s Agricultural Marketing Information System (AMIS), in its report for this month, said maize ending stocks will be 275.7 million tonnes (mt) against 301.7 mt. The ending stocks size for this season has been raised by two mt from last year. ....
Tight global supplies to continue driving India’s maize exports till May March 11, 2021
Maize (corn) exports from India are expected to go on till May with global supplies projected to be tight this year and demand continuing from Malaysia and Vietnam. The Food and Agriculture Organization (FAO), a UN arm, and the US Department of Agriculture have both projected that the ending stocks this marketing season (July 2020-June 2021) would be lower compared with last year. Both agencies have, however, raised the ending stocks in their reports this month on higher production estimates. The FAO’s Agricultural Marketing Information System (AMIS), in its report for this month, said maize ending stocks will be 275.7 million tonnes (mt) against 301.7 mt. The ending stocks size for this season has been raised by two mt from last year. ....
Maize prices gain as exports record six-year high - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Global maize price spike holds domestic rate stable despite bird flu impact on poultry sector At least 11 States have been affected by the bird flu outbreak in India leading to culling of thousands of poultry birds. The outbreak has affected consumption of poultry products such as egg and meat to some extent. Representative image | Source: Unsplash A nearly eight percent rise in maize prices in the global market since the beginning of 2021 has helped domestic prices stabilise despite the poultry industry, the primary consuming sector, being hit by avian influenza outbreak across India. According to Trading Economics website, maize (corn) prices have increased to 520.25 US cents a bushel year-to-date. The commodity’s rise month-on-month is 18.30 percent. ....