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:

  • The Directorate General of Foreign Trade (DGFT) permitted import of feed-grade Maize at a concessional import duty of 15 percent from 60 percent with a view to meet the shortage of poultry feed in the country. The import of up to one lakh tonne feed-grade Maize will be allowed on actual user condition.
  • There is a shortage of feed-grade maize in the physical markets mainly because of drought and prevailing pest attacks.
  • According to Agriwatch website all India Rabi maize production was estimated at 5.67 MMT for the year 2018-19.

Market commentary: Price outlook

  • Maize Spot markets are likely to trade steady to range bound at Rs. 2,100 – 2,200 per quintal levels in the immediate / short term.
  • Prices would not fall drastically as they are trading above the Minimum Support Price (MSP) due to domestic feed makers demand.

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