Govt bans maize export

Thu, Jul 3 03:17 PM

New Delhi, Jul 3 (PTI) The government today banned export of maize till October 15 for increasing domestic availability of the commodity to check rising prices of poultry and starch products. The ban comes into force with immediate effect, a Directorate General of Foreign Trade notification said today.

Maize prices in the country are ruling at over Rs 900 per quintal in mandis, while in the US they have touched 400 dollars per tonne (Rs 1,720 a quintal). Maize is a key input for poultry, livestock and starch industries, which require about one million tons of the commodity every month.

PTI.

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