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:

  • In India, Maize Rabi has been sown in around 15.56 lakh hectares as of February 22, 2019 which is lower than 17.28 lakh hectares during corresponding period last year. In Bihar, Maize has been sown in around 4.75 lakh hectare which is almost equal to 4.70 lakh hectares during corresponding period last year. Crop conditions have been favourable so far. As per Agriwatch website, all India Maize Rabi production is estimated at 5.67 million tonnes (Mn MT) for the year 2018-19.
  • As per the Ministry of Agriculture second advance estimate FY 2018-19 released on February 28, 2019 for Maize Kharif production was 20.22 million tonnes (Mn MT) compared to FY 2017-18 which was 19.51 Mn MT, up 3.64 percent. For Maize Rabi production was 7.58 million tonnes (Mn MT) compared to FY 2017-18 which was 7.63 Mn MT, down 0.66 percent.
  • Total food grain output is expected to be around 281.37 Mn MT compared to 277.49 Mn MT up by 1.40 percent in second advance estimate for 2017-18.

Market commentary: Price outlook

  • According to Agriwatch website, Maize could trade steady to range bound during the month of March 2019 despite expectations of new crop arrivals.
  • For the 2018-19 marketing season (Apr-Mar), the Government fixed Minimum Support Price (MSP) for Maize Kharif at Rs. 1,425 per quintal, up from Rs. 1,365 a year ago and Rs. 1,700 per quintal for 2019-20 marketing year.

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