New Delhi, December 4 (CommoditiesControl): Maize prices traded steady today as increased demand was counterbalanced by higher arrivals in Karnataka, Maharashtra, and Madhya Pradesh.
In the Jalgaon zone, warehouse prices remained stable at ₹2,350–₹2,375 per quintal, with diminished warehouse buying activity and significant supply pressure from the Sillod line. Regular rake loading continues, but sales are slower at prevailing prices, contributing to a range-bound trading pattern in North Maharashtra.
In Karnataka, prices also remained stable within ₹2,250–₹2,300 per quintal, supported by regular stock replenishment by warehouse buyers. Ethanol purchasers in Punjab reduced their buying rates by ₹20–₹30 per quintal to approximately ₹2,680 due to ample supply.
Meanwhile, in Madhya Pradesh, prices at the Chhindwara mandi stayed stable, but Jabalpur mandi saw a decline of ₹20–₹30 per quintal, with prices settling at ₹2,280. Arrivals in both mandis have halved from peak levels, reflecting reduced supply as the region’s production was impacted by heavy rainfall during harvest.
On the cultivation front, maize sowing has expanded to 687,000 hectares, marking a 5% year-on-year increase. This growth is attributed to favorable weather conditions, including an unusually warm November in northern India and a significant reduction in rainfall last month. The rabi sowing season has seen an overall 18.5% rise in coarse cereal acreage, although oilseeds like mustard experienced a decline in sowing due to shifting farmer preferences toward wheat, jowar, and chana.
Looking ahead, maize prices are expected to remain stable in the short term. However, a sharp reduction in arrivals over the coming weeks may drive prices higher, especially as supply tightens following the current trading interval.
(By Commoditiescontrol Bureau; +91 98201 3018)
0 Comments 
Post Comment 
