Indian corn and soya bean prices fell on Wednesday after New Delhi agreed to duty-free imports of US soya oil and a protein-rich animal feed under a new trade deal with Washington, stoking fears of cheaper supplies among farmers. Although allowing US DDGS imports is weighing on prices, the short-term impact is likely to be limited, said Harish Galipelli, director of ILA Commodities Pvt Ltd, a Hyderabad-based trade house. Corn prices are trading around 1,820 rupees ($20.06) per 100 kg, well below the government-set support or guaranteed price of 2,400 rupees, as output hits a record high and demand slumps from ethanol producers. Rakesh Tikait, a prominent farm leader, said the government held no discussions with farmers before agreeing to the deal. "We were kept in the dark, and the trade deal is a body blow to the farm sector, which is India's mainstay," he said.

Source: The Telegraph February 11, 2026 12:37 UTC