India has imported an additional 27,000 tonnes of non-genetically modified (GM) corn from Ukraine at US$ 205/tonne (CIF) according to sources. This procurement became necessary as India faced a shortage due to pests and dry weather. Earlier this year, India had procured 57,000 tonnes of the product from Ukraine.
Till a few years back, India was a major exporter of non-GM corn to Southeast Asia. But due to a drop in output and increasing demand from poultry producers and corn starch manufacturers, it is now a net importer. The opportunity lost by India is now being leveraged by US, Argentina and Brazil.
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