The USDA FAS world grain markets report has noted an increase in export bids for major exporters since the July WASDE report, with the greatest increase seen in Ukraine. This comes at a time when India's corn exports are expected to reach record lows due to a surge in domestic demand, which has led to the country becoming a net importer for the first time since 1999/00. This demand is driven by government ethanol policies and the growth in the poultry sector. As a result, India has had to import corn from countries like Ukraine and Burma to meet this demand. Meanwhile, global corn supplies have resulted in a drop in international corn prices, further reducing the incentive for Indian traders to export.