Maize Market : Possibility of Slight Rise Before Navratri, Focus on Rainfall and Harvest Progress
For maize farmers and traders across the country, this is a time to make well-thought-out decisions. Based on recent weather conditions, mandi (market) trends, and international signals, maize prices are showing fluctuations. Although a slight decline in prices was observed this week, there are indications of a possible uptrend in the coming days. Current Market Situation: Delhi Mandi (UP Line): 2350 per quintal Bihar Line: 2600 per quintal Muzaffarpur: 2275 per quintal Gulabbagh (Purnia): 2175 - 2350 per quintal Semapur-Mansi Line: 2350 - 2470 per quintal Etah, Pahasu, Kasganj (UP): 2160 - 2170 per quintal Warehouse Delivery: ₹2180 per quintal Prices have declined by ₹25�50 this week, but a ₹20 rise was noted in some mandis due to quality produce. Weather and Crop Conditions: Harvest delays due to rainfall are limiting supply in mandis. Lower availability of dry maize in stock could prompt renewed buying by traders and stockists. This year, maize has been cultivated over 91.89 lakh hectares, with major contribution from Maharashtra (Nashik, Jalgaon) and other key districts. Market Indicators Suggest: A slight upward trend is expected before Navratri, but poultry demand may fall during the festive season. If industrial demand increases, prices may see further recovery. Delayed harvesting could reduce supply, supporting price improvement. Signals from the International Market: 74% of the US maize crop is now in the dented (grain-filling) stage, and 25% has matured. Initial harvest progress is at 4%. As per the NASS report, crop quality dropped slightly (by 1%). During the week of September 4, the US exported 14.43 lakh tonnes of maize � 69.8% more than the same period last year. Top buyers: Mexico (5.73 lakh tonnes), followed by Japan and Colombia. What to Watch in Coming Days: With Navratri starting from September 22, poultry sector demand may decline, potentially putting pressure on prices. Rabi maize from Bihar is nearly exhausted, making good-quality maize harder to find. A shortage of high-quality maize in mandis may become a key driver for future price rise. Advice: Farmers: Avoid panic selling; a slight price rise is possible in the coming days. Traders: This may be a good time to build stock, especially focusing on dry and good-quality maize. In the next couple of weeks, weather patterns, harvest progress, and mandi arrivals will determine whether the maize market gains strength or remains under pressure.