New Delhi, Feb. 7 -- The India-US trade deal has largely protected the interests of Indian growers by lowering tariffs on several items such as coffee and shrimps but not allowing market access to US grown soybean, corn and dairy products into India.

However, imports of distillers dried grains with solubles (DDGS), a by-product of ethanol manufacturing that is used as an animal feed, can hurt farm gate prices for corn and soy growers in India as well as the profitability of ethanol manufacturers.

An India-US joint statement on the interim trade agreement released early Saturday India time noted that India will eliminate or reduce tariffs on a wide range of "U.S. food and agricultural products, including dried distillers' grains, red sor...