login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Weak Trading Noted in Bihar Maize Market Amid Surge in Arrivals

22 Apr 2024 6:03 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
New Delhi, April 22 (CommoditiesControl): Bihar maize prices experienced weakness today as increasing arrivals exerted pressure on prices. However, active rack loading and godown stocking activities limited the decline in prices.

In Gulab Bagh Mandi, around 3000+ MT of new maize arrived, leading to a price decline of INR 20 per quintal, with prices quoted at INR 2040-2070 per quintal.

Rack loading activities commenced in Purnea, Seemapur, Kursela, Naugachia, Mansi, Bhavanipur, Sonamukhi, and Alamnagar, with prices ranging from INR 2030-2070 per quintal. Meanwhile, godown buyers purchased maize at INR 2070-2080 per quintal.

Transport unit availability remains challenging due to ongoing elections. However, with significant election procedures expected to be completed by April 30, availability of trucks is anticipated to improve. Additionally, bulk buying is expected to commence in godowns after April 30, potentially leading to Bihar maize prices reaching their bottom range within this week.

In Andhra Pradesh, maize arrivals decreased to 700-800 MT compared to last week, with mandi prices trading at INR 2160-2200 per quintal and ex-warehouse prices increasing by INR 10 per quintal to INR 2260 per quintal. Maize supplies from AP are reaching Tamil Nadu at INR 2500-2510 per quintal (including INR 250 per quintal freight).

In Telangana, prices remained steady at INR 2240-2250 per quintal, while in Tamil Nadu, maize prices were steady at INR 2330-2350 per quintal in Dindigul, Theni, and other consumption markets. Supplies are limited, and Tamil Nadu is receiving maize supplies from AP and Bihar.

Karnataka witnessed a price increase of INR 10 per quintal, trading at INR 2310 per quintal, and in consumption markets like Bangalore, prices increased by INR 10 to INR 2470 per quintal.

With maize prices gradually rising in Karnataka and Maharashtra amidst declining arrivals, Bihar maize prices may find parity if they decline by INR 30-60 per quintal from current levels, while Maharashtra/Karnataka prices show a slight uptrend. Therefore, Bihar maize prices are unlikely to decline below the INR 2050-2075 range considering the current market scenario.



       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Post Comment  

Latest Market Commentary
Government Vigilant on Wheat Prices, No Plans to Change...
CBOT Wheat Prices Rise; Russian Crop Damage Concerns, U...
Maize Prices Steady to Weak Amid Increasing Arrivals
Wheat Prices Steady to Weak Across Major Centers
CBOT Wheat Futures Extend Gain on Russian Weather Outlo...
more
Top 5 News
ZCE Cotton And Yarn Evening Closing - 13 JUNE 2024
DCE Oil Complex Evening Closing - 13 JUNE 2024
Domestic Pepper Prices Stable; Vietnamese Prices Dip Am...
Clove Prices Remain Steady Across Key Markets
ICE/ZCE Daily Rates Update ( Time: 20:24 ) - 13 JUNE 20...
Top 5 Special Reports
US soybean net sales for May 31-June 6 at 377,100 MT, u...
US cotton net export sales for May 31-June 6 at 177,100...
USDA lowers 2024-25 global soybean ending stocks estima...
USDA revises 2024-25 global cotton ending stocks estima...
INDIA PORT STOCK SUMMARY - VEGETABLE OIL(IN MTS*) - As ...
Copyright © CC Commodity Info Services LLP. All rights reserved.