India's corn exports becoming unviable and uncompetitive on price

The domestic starch industry has also voiced concerns over sub-optimal corn supply this season, owing to less-than-normal rainfall last year

With the price of maize rising, export of the commodity is becoming unviable and uncompetitive. The price of maize, also called corn, has risen 75-80 per cent in the past one year from Rs 12 per kg to Rs 20-21. 

As a result, starch and liquid glucose prices have also risen, with starch selling at Rs 31-32 a kg. India’s starch and value-added demand, however, is very good, especially from the pharma and textile sectors.

High input costs are affecting exports, which used to be 15 per cent of the crop — around 2-3 million tonnes — a few years