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Corn is one of the most important and adaptable crops in the International agricultural sector. Its usage ranges from being a key nutritional base to serving industrial objectives like biofuel generation and being an important component in the food processing and animal feed industries.
In India, corn is farmed all year. It is mainly a Kharif crop, with 85% of the land under cultivation during the season. Corn is the third most important grain crop in India, followed by rice and wheat. It produces around 10% of the country’s total food grain production. In this blog, we will discuss India’s corn export industry and some important market insights, such as corn export data, a list of corn exports from India, and updated corn exporters.
Is corn exporting profitable in India?
Corn exports from India have been growing, hitting record highs in recent years. This suggests that exporters may benefit. Additionally, the Indian government is actively pushing the corn export from India in agricultural products, such as corn, which may provide some support.
However, recent price hikes in India have reduced the crop’s competitiveness in international markets, which might reduce exporters’ profit margins. You must keep up with changes in maize prices both domestic and International, as well as any government regulations that may have an effect on exports, in order to make this a profitable option.
What are the advantages of Corn?
Helps in Digestion:
Corn gives a good dose of insoluble fiber, which supports healthy digestion.
Supports Heart Health:
Corn contains nutrients such as carotenoids that promote heart health.
Promotes a Healthy Gut:
Corn is loaded with fiber, which is important for a healthy gut.
High Fiber:
Corn contains both soluble and insoluble fiber.
Alzheimer’s and dementia:
Corn also has a protective effect against Alzheimer’s and dementia.
Leading Corn HS Codes:
- 11031300: Maize corn
- 11042300: Maize grits
- 10059000: Indian yellow corn
- 10051000: Hybrid maize (corn) seed
- 19041010: Corn pawa (corn flakes)
- 11081200: Native corn starch (starch of maize corn)
India’s Corn Export Data
In 2023–2024, India exported 14,42,671.48 metric tons of corn, worth $443.53 million. Compared to the previous year, there was a 58% drop in volume and a 60% drop in dollar value.
In fact, India exported USD 816.31 million worth of corn in the starting 10 months of the fiscal year 2021-2022. This exceeded all of the corn exports from India compared to the prior year. India’s top export destinations for corn are Bangladesh, Vietnam, Nepal, Malaysia, and Sri Lanka.
Vietnam, Nepal, Bangladesh, Malaysia, and Thailand are the top destinations for corn exports from India in 2023–2024, according to corn export data.
| Years | 2020-21 | 2021-22 | 2022-23 | 2023-24 |
| Corn export Value | $142.8 million | $634.85 million | $818.31 million | $443.53 million |
Also Read This: Cumin Export: The Growing Trade of Spice
Top Corn Exporting Countries
| Sr. No. | Corn Exporting Countries | Export Value |
| 1 | Brazil | US$ 13.46 Billion |
| 2 | United States | US$ 13.29 Billion |
| 3 | Argentina | US$ 6.11 Billion |
| 4 | Ukraine | US$ 4.84 Billion |
| 5 | European Union | US$ 1.47 Billion |
| 6 | Romania | US$ 1.39 Billion |
| 7 | South Africa | US$ 1.09 Billion |
| 8 | France | US$ 1.08 Billion |
| 9 | Poland | US$ 1.03 Billion |
| 10 | Paraguay | US$ 748 Million |
Opportunities and outlook for the corn Industry
According to predictions, India produced 34.6 million metric tons of corn in 2023-2024. Corn is planted on 207 million hectares worldwide, with around 1,218 million metric tonnes in 2022-2023.
Nonetheless, the Indian corn market is predicted to increase at a noteworthy compound annual growth rate (CAGR) of 7.74% by 2030, despite its current size, which was expected to be worth USD 1.29 billion in 2024.
What is the Future of Corn Exports in India?
According to estimations, India produced 34.6 million tonnes of corn in 2023-24 and has the ability to quadruple corn output to close the supply-demand imbalance in the shortest amount of time while remaining cost-effective and sustainable. However, the Indian corn market is already big, valued at USD 1.29 billion in 2024, and is expected to expand at a significant compound annual growth rate (CAGR) of 7.74% by 2030.
Wrapping It Up
Corn exports from India have the potential for explosive growth. With increasing international demand and many advantages, Indian corn has the potential to become a big competitor in the International marketplace. Also, India can strengthen its position as a leading corn exporter by capitalizing on advances in cultivation techniques, expanding into new territory, and overcoming potential difficulties.
FAQs
Brazil exported corn worth US$ 13.46 billion in 2023–24, making it the top corn exporter.
According to predicted data, India produced 34.6 million tones of corn in 2023-2024. To close the supply-demand gap as quickly as possible while maintaining a sustainable and affordable supply chain, the country may be able to treble its corn production.
Karnataka is India’s leading corn producer, producing around 15% of the overall corn output.
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