News last update:6 Aug 2012

Egg body demands ban on maize exports

The National Egg Co-ordination Committee (NECC) in India has demanded an immediate ban on the exports and futures trading of maize as the prices of the grain, an important poultry feed, are rising to exorbitant levels.

The NECC says this would put an end to hoarding in the name of exports and speculation in the forward markets while at the same time not hurt genuine export. The poultry industry is facing a deep crisis due to a precedent increase in the price of essential feed ingredients like maize and soy meal, it adds.

A statement issued by the committee states that last year, responding to their appeal, the government had banned the export of maize by private parties. It said: "This had an impact and price of maize decreased. However, the government has once again allowed export by private parties. It is free for all now and this is what has triggered a sudden increase in the price."

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