The maize market has experienced significant price fluctuations over the past months, influenced by various factors such as ethanol production, government policies, and changing demand patterns. Ethanol companies have increased maize consumption by 30%, yet the government's sale of ethanol at 2250 per quintal has led to reduced maize demand, causing a price drop of 100-125 per quintal this month. • Price Decline: Maize prices have fallen from 2,750 to 2,550 per quintal in Haryana and Punjab, and 2,200-2,250 in Madhya Pradesh over the last 1.5 months. • Production Increase: States like Madhya Pradesh, Maharashtra, and Rajasthan have reported higher maize production, contributing to market adjustments. • New Crop Arrivals: Fresh maize crops from Bihar, Bengal, Assam, Maharashtra, Andhra Pradesh, Telangana, and Karnataka are influencing local and national market dynamics. • Moisture Levels: Bihar's maize harvest has begun with 16-17% moisture, expected to improve by April 1, facilitating smoother rake loading and increased arrivals post-Ram Navami. Factors Driving Price Decline: 1. Government Rice Supply: Ethanol plants prefer rice at 2,200 per quintal due to its higher starch content (67–68%) compared to maize (58–62%). 2. Weak Export Demand: Reduced international demand is exerting downward pressure on maize prices. 3. Cheaper Rice Availability: New rice, priced 250–300 lower than maize, is reducing overall maize demand. Future Outlook: Maize traders and exporters anticipate further price declines of 100-150 per quintal.