The authorities in all likelihood to allow import of 1 million tonnes of non-genetically changed maize at 0 obligation to overcome a shortage in home output and check rising costs at domestic.

India is historically a maize or corn exporter and has no longer imported the crop in the past years.

Since the government has imposed a 60% import duty on maize, the enterprise desires to import it underneath the tariff price quota (TRQ). The industry is hopeful that the government will permit the import in approximately two weeks.

India had turned a internet importer of maize in 2015-sixteen, uploading three,00,000 tonnes of non-GMO maize below the TRQ scheme.

As in keeping with government statistics, production of kharif season maize is better than the previous 12 months, whilst there may be no drop in the ongoing sowing of rabi maize. As in keeping with the first boost estimates of kharif manufacturing released by the government in September, production of maize is expected to be 21.Forty seven million tonnes in 2018-19, as against the preceding year’s production of 20.24 million tonnes.

This is extra than four.40 million tonnes than the average production of maize at some point of the beyond five years. The industry estimates that the manufacturing to be lower than previous year.