Unrest in Myanmar and high shipping charges have resulted in South-East Asian countries and Bangladesh turning to India to meet their maize (corn) demand for feed purposes.
“Vietnam, Malaysia, Bangladesh and Sri Lanka are buying maize from India,” said Bimal Bengani, Managing Director of Kolkata-based trading house Bengani Food Products Pvt Ltd.
“Malaysia, Vietnam and Thailand are buying Indian maize to meet the demand of the chicken and poultry sectors. One reason for these countries to turn towards India is the unrest in Myanmar arising out of the Army taking over the administration there,” said Delhi-based trade analyst S Chandrasekaran.
These orders have come to India over the last one-and-a-half to two months.
“We are getting orders from countries such as Malaysia and Vietnam as our prices are competitive,” said Bimal Bengani.
