Financial Daily from THE HINDU group of publications
Tuesday, Aug 06, 2002
Financial Daily from THE HINDU group of publications Tuesday, Aug 06, 2002 |
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Agri-Biz & Commodities
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Poultry Egg panel seeks duty waiver on maize imports Our Bureau
HYDERABAD, Aug. 5 THE National Egg Co-ordination Committee (NECC) has appealed to the Union Government to waive the customs duty of 15 per cent on import of maize, the main ingredient of poultry feed. As a result of the customs duty, NECC says, the landed cost of maize is now higher than the domestic price. The requirement of maize by the poultry sector is said to have gone up from 4.5 million tonnes (mt) in 1999-2000 to 6.64 mt during the current year due to the increase in egg and broiler production. But maize production in the country has been stagnant at around 11 mt for the last five years. As a result, maize prices had increased from around Rs 4,300 per tonne in 2000-01 to Rs 7,500 per tonne at present. In a press release, NECC stated that even at the prevailing high prices, maize was not available in the country. To overcome this shortage, maize was being partially substituted with broken rice in poultry feed.
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