# Drought, pests could force India to grant duty-free corn imports

> Below-normal monsoon rains and a fall armyworm infestation have cut India's corn output and raised domestic prices. This raises the chance that the government will grant duty-free corn imports for the first time since 2016, subject to lifting a 60% import tax and accepting only non-GM strains.

- Date: 2019-02-15 · published 2019-02-15T12:00:00.000Z
- Category: weather · region India · magnitude medium
- Page: https://feedsoft.ai/events/60563-drought-pests-could-force-india-to-grant-duty-free-corn-imports
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

If India allows duty-free corn imports, it would add demand to global corn markets and could firm prices. Corn feeds into animal feed, so a shortfall in India matters to feed costs.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-02-15 | [Drought raises Mexico’s corn import outlook \| World Grain](https://feedsoft.ai/events/31645-drought-raises-mexico-s-corn-import-outlook-world-grain.md) | +0.3% | +4.4% |
| CORN | 2022-05-03 | [Drought in Brazil adds to corn conundrum - Grain Central](https://feedsoft.ai/events/13721-drought-in-brazil-adds-to-corn-conundrum-grain-central.md) | +3.6% | +3.0% |
| CORN | 2021-03-05 | [USA: drought conditions persist in many top corn growing states](https://feedsoft.ai/events/47956-usa-drought-conditions-persist-in-many-top-corn-growing-states.md) | +5.1% | +7.2% |
| CORN | 2019-12-04 | [Drought hits Mexico’s corn outlook, boosting 2020 imports…](https://feedsoft.ai/events/55545-drought-hits-mexico-s-corn-outlook-boosting-2020-imports.md) | -3.9% | +1.5% |
| CORN | 2020-08-19 | [Derecho, drought impacts on Iowa corn crop seen in crop tour](https://feedsoft.ai/events/51451-derecho-drought-impacts-on-iowa-corn-crop-seen-in-crop-tour.md) | +2.3% | +8.3% |

## Sources

- reuters.com: https://www.reuters.com/article/us-india-corn-imports/drought-pests-could-force-india-to-grant-duty-free-corn-imports-idUSKCN1Q416Y/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.