TAMIL NADU

Ban maize export: NECC



Staff Reporter

Namakkal: The National Egg Co-ordination Committee (NECC) has appealed to the Centre to ban the forward trading and export of maize to control its price and protect the poultry farmers.

A release from NECC Chairperson Anuradha Desai said the poultry industry was in the grip of severe crisis due to the unprecedented increase in the price of maize, which was an important poultry feed. Normally in December, the maize price would remain between Rs. 500 and 550 per quintal. But this year, it had gone up to Rs. 900 and in some parts of North India, it was sold for Rs. 1000 per quintal. This increase of 90 to 100 per cent had affected the poultry farmers, the release claimed.

Trading

The main reasons for the increase in the price were forward trading and export of maize. Taking advantage of the forward trading, multinational companies had managed to corner huge quantities of maize and were withholding the grain from the market, the release alleged.

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