Maize prices in Bihar have been on a declining trend over the past few months, primarily due to lower-than-expected demand from ethanol producers. The availability of Food Corporation of India (FCI) rice at Rs 2,250 per quintal has reduced the reliance on maize for ethanol production. Additionally, active selling by stockists has further pressured prices. Buyers have remained weak in the market, anticipating a bumper maize crop in the upcoming season. Since the government made FCI rice available to ethanol producers, Bihar's maize prices have dropped by approximately Rs 250-275 per quintal from their previous highs. As of today, maize prices in Gulabbagh are being quoted in the range of Rs 2,350-2,400 per quintal. Anticipation of New Crop Arrivals New small-scale arrivals of maize in Bihar are expected to commence in the first week of April. By mid-April, daily arrivals in Gulabbagh mandi are projected to reach around 800-1,000 tons, according to our sources. This influx of new produce may continue to influence price trends in the region. Crop Outlook and Yield Expectations While certain areas in Bihar may experience yield issues due to higher temperatures, the overall maize crop condition appears better than last year. Sources indicate that the total production in Bihar could be 5-10% higher than the previous year, largely driven by an increase in the sowing area. This expected rise in production further supports the outlook of a well-supplied market in the coming months. Stocking Strategy - Market participants hold varying opinions on the prospects of stocking maize in Bihar. While some believe that holding maize stocks could be a good strategy given the potential for future price recovery, others are skeptical