India Corn Exports Up to Sept Set to Treble
India is likely to export at least 1.56 million tonnes of corn in the crop year to September 2008, sharply up from around 500,000 tonnes a year ago despite a recent ban on overseas sales, traders said on Monday. "Total exports would have been more than 1.5 million tonnes before the government banned exports," said Mohan Lal Vedant, a trader from Nizamabad in the southern state of Andhra Pradesh. On July 3, the government stopped exports of corn until Oct 15, to ensure smooth local supplies but last week exempted shipments where letters of credit had been opened before the ban. reuters
India is likely to export at least 1.56 million tonnes of corn in the crop year to September 2008, sharply up from around 500,000 tonnes a year ago despite a recent ban on overseas sales, traders said on Monday. "Total exports would have been more than 1.5 million tonnes before the government banned exports," said Mohan Lal Vedant, a trader from Nizamabad in the southern state of Andhra Pradesh. On July 3, the government stopped exports of corn until Oct 15, to ensure smooth local supplies but last week exempted shipments where letters of credit had been opened before the ban. reuters
India is likely to export at least 1.56 million tonnes of corn in the crop year to September 2008, sharply up from around 500,000 tonnes a year ago despite a recent ban on overseas sales, traders said on Monday. "Total exports would have been more than 1.5 million tonnes before the government banned exports," said Mohan Lal Vedant, a trader from Nizamabad in the southern state of Andhra Pradesh. On July 3, the government stopped exports of corn until Oct 15, to ensure smooth local supplies but last week exempted shipments where letters of credit had been opened before the ban. reuters
About the Author:India is likely to export at least 1.56 million tonnes of corn in the crop year to September 2008, sharply up from around 500,000 tonnes a year ago despite a recent ban on overseas sales, traders said on Monday. "Total exports would have been more than 1.5 million tonnes before the government banned exports," said Mohan Lal Vedant, a trader from Nizamabad in the southern state of Andhra Pradesh. On July 3, the government stopped exports of corn until Oct 15, to ensure smooth local supplies but last week exempted shipments where letters of credit had been opened before the ban. reuters
Article Source: ArticlesBase.com - India Corn Exports Up to Sept Set to Treble