As India’s inability to import non-GM corn from international markets continues, high input and low output prices as well as other issues over the past few months appear to have affected the profits of Indian end user industries, particularly poultry and starch. Goods and Services Tax (GST) – India’s Biggest Tax Reform The Indian Parliament’s passage this week of an amendment that implements the Goods and Services Tax (GST) is being touted as the Modi government’s biggest victory and the nation’s largest tax reform effort. This will eliminate the various state-determined taxes, central taxes and different levies, bringing all under one tax regime. It will also facilitate more tax collection, but an across-the-board boost in the prices of...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, Softs, India, North America