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India imported 100 thousand tons of Ukrainian corn with a 60 pct duty
In the current season, India imported about 100 thou. tons of Ukrainian corn with the import duty of 60 per cent. This was informed by Christina Serebryakova, Atria Brokers Agricultural Commodities Broker & Analyst at APK-Inform, in the interview with APK-Inform, Elevatorist.com reports.
She noted that on April 3rd, 2019, the Government of India agreed on a quota for imports of 100 thou. tons of non-GM corn with a 15 pct import duty but only for starch and mixed feed producers.
Since India imports only non-GM corn, it may well consider Ukraine and South Africa as sources. In addition to the specified volume, the approval of 400 thou. tons of corn imports is still expected.
“So far this volume is much less than the import needs of the country which according to Indian market operators' sources amount to about 1.5-2 million tons,” says the analyst.
The infographic guide Agribusiness of Ukraine 2017/18 is available by the link.