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MUMBAI, Jan. 31
AFTER two years of relative quiet (1996-97 and 1997-98), world trade in maize (corn) is expected to rise for the second year in succession. This is mainly because of the recovering demand in Far East Asia in addition to the expanding livestock industries in several other regions. World maize trade is forecast to reach a new high of 70.3 million tonnes in 1999-2000, up from 68.5 m.t. in 1998-99, according to the London-based International Grains Council (IGC). However, the USDA forecast of world corn trade for 1999-2000 is 68.9 m.t., unchanged from the previous year.
Shipments of this grain to Pacific Asia were expected to …