Maize prices showed mixed trends across major markets after a period of stability and firm prices in earlier sessions. While reduced arrivals continued to support prices in some regions, news of the Food Corporation of India (FCI) supplying rice to ethanol producers at lower rates exerted downward pressure in certain areas. FCI Rice Pricing Sparks Market Concerns The government recently set a fixed price of ₹28/kg for rice supplied to ethanol producers from FCI stocks. This price is significantly lower than the previous variable auction prices, causing uncertainty and affecting market dynamics, particularly in maize. Regional Price Trends Maize prices exhibited contrasting movements across different regions: Steady to Firm: In Madhya Pradesh, Gujarat, Rajasthan, and parts of North India, maize prices remained steady to firm, supported by reduced arrivals. Weakening: In Maharashtra, prices dropped by ₹10-20 per quintal as market sentiment turned cautious after the government�s announcement on FCI rice pricing. A Maharashtra-based market source noted, "Following substantial price hikes in recent weeks, maize prices softened today due to caution among traders in response to the FCI rice pricing update." Impact of Imported Maize Market sentiment was further pressured by reports of maize imports from Ukraine, especially for starch production, which added to the bearish outlook. Some traders believe that prices could continue to decline and view the current period as an opportunity to liquidate stocks. On the other hand, others expect price stability as maize arrivals are likely to decrease further in the coming weeks. Additionally, consistent demand from ethanol producers, poultry sectors, and starch manufacturers may provide some support to prices.