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, Begusarai, Samastipur, Khagaria, Bhagalpur, Araria, Madhepura

Production trend and Stock position:

  • As per the Ministry of Agriculture fourth advance estimate released on August 11, 2021, Maize (Kharif) production was 21.44 million metric tonnes (MMT) compared to the corresponding year which was 19.43 MMT, up by 10.34 percent whereas for Maize (Rabi) production was 10.07 million metric tonnes(MMT) compared to the corresponding year which was 9.34 MMT, up by 7.82 percent
  • According to Directorate General of Commercial Intelligence and Statistics (DGCIS) India’s Exports of Maize in 2021-22 (April) stood at 2.03 lakh metric tonne (LMT) and valued at ₹ 365.95 crores whereas India’s Import of Maize for the same period stood at 1,780.80 MT valued ₹ 7.48 crores
  • According to Ministry of Agriculture, the sowing acreage of Maize as on August 20, 2021 was 79.60 lakh hectares (lh) up by 1.82 percent compared to 78.18 lh during the corresponding period

Monsoon Update

For the country as a whole, cumulative rainfall during this year’s monsoon season till August 18, 2021 is below Long Period Average (LPA) by 9 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 1.08 percent to ₹ 1,870 per quintal for marketing year (MY) 2021-22 compared to ₹ 1,850 in 2020-20
  • Prices of Maize in the physical markets would trade steady with a firm bias in the immediate / short term and may have an upward movement due to ongoing demand from poultry and cattle feed industry in southern parts of the country
  • Currently overall spot prices of Maize have been trading above MSP

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