Corn export reaches $816 mn in first 10 months of FY2022 - Viral Khabra

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Monday, March 21, 2022

Corn export reaches $816 mn in first 10 months of FY2022

 


New Delhi: India's export of maize, also known as ‘corn’, has reached $816.31 million in the first 10 months of financial year 2022 (April to January) - rising from $634.85 million recorded in the corresponding period of the previous year. Bangladesh, Vietnam and Nepal are the major importers of maize from India.

Maize dubbed the "Queen of Cereals" around the world, has emerged as a prominent foreign export cereal among the commodities covered by the Agricultural and Processed Food Products Export Development Authority (APEDA).

As per the Ministry of Commerce & Industry, from an exports realization of $142.8 million in 2019-20, the export of maize increased nearly sixfold, taking the total value of shipment to $ 1593.73 million in the last three years despite logistical challenges posed by the COVID19 pandemic outbreak. Bangladesh has imported maize worth $ 345.5 million in the current fiscal (April-January), while Nepal has imported maize worth $ 132.16 million during this period.

India exported maize worth USD 244.24 million to Vietnam this year. Other prominent importing countries are Malaysia, Myanmar, Sri Lanka, Bhutan, Taiwan and Oman. Dr M. Angamuthu, Chairperson, APEDA said, “The significant rise in agri-exports is seen as a testimony of the government’s commitment to increase farmers’ income through creating requisite infrastructure and improving value chains on boosting exports of agricultural and processed food products."

Maize is farmed all year in India, but it is primarily a Kharif crop, with 85 per cent of the land under cultivation during the season.

After rice and wheat, maize is India's third most important cereal crop. Karnataka, Madhya Pradesh, Kerala, Bihar, Tamil Nadu, Telangana, Maharashtra, and Andhra Pradesh are the states where the cereal crop is largely grown.

Maize is one of the most flexible developing crops, with greater adaptation to a variety of agro-climatic situations. It has the largest genetic output potential among cereals.

Maize is a basic raw material/ingredient in many industrial goods, including starch, oil, protein, alcoholic beverages, food sweeteners, pharmaceutical, cosmetic, film, textile, gum, package, and paper sectors, among others.

(Agencies)

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