Commodity Outlook – Maize

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

Sowing period: October
Harvesting period: March
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:

  • Indian state-run trading company MMTC has once again postponed the deadline to May 22, 2019 for offer submissions in an international tender to buy and import yellow maize. The deadline for offers was originally on May 8, 2019 and then postponed to May 15, 2019.
  • The district agriculture department has constituted a joint pest monitoring committee in Coimbatore this year to check losses by pest control methods adopted by farmers. This is in wake of widespread attack by pest “Fall Army Worm” (Spodoptera frugipeda) in Maize plantation across the region previous season.

Prices of Maize Rabi are currently in a Contango where the Futures prices are above the expected physical market Spot prices.

Market commentary: Price outlook

  • Prices of Maize in the physical markets are likely to trade steady to range-bound at Rs. 2,200 – 2,400 per quintal levels in the immediate/short term.
  • Overall physical market prices of Maize in major markets of Karnataka and Nizamabad region would trade steady to slightly weak during following weeks due to new crop arrival pressure from Bihar and feed makers demand which has shifted towards this region.

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