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 the Ministry of Agriculture, the sowing acreage of Maize as of January 29, 2021, was 16.94 lakh hectares (LH) down by 3.09 per cent compared to 17.48 LH during the corresponding period.
  • As per the Ministry of Agriculture second advance estimate released on February 24, 2021, Maize (Rabi) production was 8.75 million metric tonnes (MMT) compared to the corresponding year which was 9.34 MMT, down by 6.32 per cent.
  • The International Grains Council (IGC) has estimated Maize global production at 1,139 MMT in 2020-21 compared to the corresponding year which was 1,125.4 MMT, up by 1.17 per cent.
  • According to the Directorate General of Commercial Intelligence and Statistics (DGCIS), India’s Exports of Maize in 2020-21 (April – January) stood at 22.03 lakh metric tonne (LMT) and valued at ₹ 3,467.16 crores whereas India’s Import of Maize for the same period stood at 22,162.73 MT valued at ₹ 70.92 crores.
  • NABARD has decided to implement National Adaptation Fund for Climate Change (NAFCC) project during the year 2021-22 in order to push agricultural diversification in Punjab. Around 10,000 hectares will be covered in 11 districts (Moga, Patiala, Shri Fatehgarh Sahib, Ludhiana, Ferozepur, Bathinda, Shaheed Bhagat Singh Nagar, Jalandhar, Hoshiarpur, Kapurthala and Ropar). Under this project, a subsidy of ₹ 23,500 per hectare would be given to the farmers who will shift their cultivation from Paddy to Maize

Monsoon Update

For the country as a whole, cumulative rainfall during this year’s pre-monsoon season till April 14, 2021, is below the Long Period Average (LPA) by 40 per cent. 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 per cent 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 have been trading steady to range bound and may trade slightly weak in the immediate / short term based on the ongoing demand from domestic and global feed makers which would support the market at the lower level amidst the expectation of new crop arrivals in coming weeks.
  • Currently overall spot prices of Maize have been trading below MSP.

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