Pakistan gains out of India's maize export ban: Commodity Online

By Rajneesh Shukla
NEW DELHI: With India banning maize exports due to persistent demands from the poultry industry, neighbouring Pakistan seems to have benefited as a result. The country has entered the world maize market for the first time thanks to a bumper crop and higher prices prevailing in world markets.

It may be recalled that increasing exports from India had led to domestic maize prices skyrocketing and putting the entire poultry industry into trouble. Earlier this month, maize prices in the country were ruling at over Rs 900 per quintal in mandis, while in the US they have touched $400 per tonne (Rs 1,720 a quintal) when the Indian government decided to enforce the ban till October 15. Maize is a key ingredient for poultry, livestock and starch industries

This year, Pakistan is likely to have a bumper maize crop of some 3.7 million tonnes as compared to some three million tonnes last year, depicting an increase of about 23 percent.

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