Unrest in Myanmar and substantial shipping fees have resulted in South-East Asian nations and Bangladesh turning to India to meet up with their maize (corn) need for feed applications.
“Vietnam, Malaysia, Bangladesh and Sri Lanka are getting maize from India,” claimed Bimal Bengani, Running Director of Kolkata-primarily based investing property Bengani Foods Products Pvt Ltd.
“Malaysia, Vietnam and Thailand are getting Indian maize to meet up with the need of the rooster and poultry sectors. A single cause for these nations to transform in the direction of India is the unrest in Myanmar arising out of the Military getting more than the administration there,” claimed Delhi-primarily based trade analyst S Chandrasekaran.
These orders have come to India more than the last 1-and-a-half to two months.
“We are receiving orders from nations this kind of as Malaysia and Vietnam as our prices are aggressive,” claimed Bimal Bengani.
Cereals lift farm exports