Gujarat Ambuja Exports – aMAIZEIng Story

I don’t understand this conclusion.

As I understand this business, 3 points of not in relation to corn/maize.

1. Lower Indian Maize prices benefit the company because its cheaper to procure
2. Higher US Maize prices benefit the company because import for them will become more attractive
3. The benefit/disadvantage from the increase or decrease in prices of corn to a great degree gets passed on to customers

Hence I would expect lower US corn prices to reflect in lower export revenues for GAEL.