Maize exports come to a standstill as domestic prices rise
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India’s maize (corn) exports have come to a virtual halt as rising domestic prices have affected its competitiveness in the global market with Pakistan taking advantage of its currency depreciation.
“Indian prices are not competitive in the global market, particularly in Asia. Pakistan is dominating the Asian market, offering maize at least $30 a tonne lower,” said New Delhi-based export Rajesh Paharia Jain.
