Commodity Outlook – Maize

Sowing period: June to July
Harvesting period: December
Crop season: Kharif

Sowing period: October to December
Harvesting period: April to June
Crop season: Rabi

Key growing locations for Maize Kharif and Maize Rabi:

  1. Karnataka – Haveri, Shimoga, Davangere, Hassan, Chitradurga
  2. Andhra Pradesh – Kurnool, West Godavari
  3. Maharashtra – Nashik, Sangli, Jalgaon, Aurangabad, Buldhana, Jalana
  4. Madhya Pradesh – Chhindwara, Betul, Dhar, Khargone, Burhanpur, Badwani, Dindori
  5. Uttar Pradesh – Hardoi, Bahraich, Etah, Gonda, Kanpur, Farukhabad
  6. Bihar – Gulabbagh

Production trend and Stock position:

  • According to Directorate General of Commercial Intelligence and Statistics (DGCIS) India’s Exports of Maize in 2020-21 (April – November) stood at 14.18 lakh metric tonne (LMT) and valued at ₹ 2,163.27 crores whereas India’s Import of Maize for the same period stood at 18,533 MT valued at ₹ 56.53 crores.
  • According to Ministry of Agriculture, the sowing acreage of Maize as on January 29, 2021 was 16.94 lakh hectares (lh) down by 3.09 percent compared to 17.48 lh during the corresponding period

Monsoon Update

For the country as a whole, cumulative rainfall during this year’s winter season till February 10, 2021 is below Long Period Average (LPA) by 10 percent. Details of the rainfall distribution over the four broad geographical regions of India are given below:

Market commentary: Price outlook

  • The Government had increased the Minimum Support Price (MSP) of Maize by 5.11 percent to ₹ 1,850 per quintal for marketing year (MY) 2020-21 compared to ₹ 1,760 in 2019-20
  • Prices of Maize in the physical markets are likely to trade steady to slightly firm in the immediate / short term as there has been consistent demand from export markets and in addition to the decrease of arrivals

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