Maize Prices Strengthen as Arrivals Drop

The maize market moved exactly in line with the trend we had suggested. A recovery of ₹30 to ₹50 was seen across markets. From this week onward, lower arrivals in Karnataka and Madhya Pradesh, strong domestic demand, and discussions related to MSP have once again boosted prices. In Karnataka's mandis yesterday, maize prices remained steady to firm because farmers are holding back their crop and the number of trucks arriving at mandis is lower than before. In Gulab Bagh Purnia mandi, maize was priced at ₹2050; in Khargone, the average maize price increased by ₹100 to ₹1550; in Gokak it was ₹1850; in Sangli ₹2000; in Dahod ₹1725; and at Sahyadri Starch Miraj, ₹1810 per quintal. News about possible government procurement at MSP has further slowed down farmer arrivals. Because of this, racks from Bagalkot are now being loaded at ₹1900 per quintal—about ₹100 higher than this season’s low prices. Namakkal delivery towards Tamil Nadu is also not behind; prices there jumped by ₹90 at once to reach ₹2150 per quintal, indicating that feed demand in southern markets remains strong. A similar story is unfolding in the MP line as well. At Kumbhraj and nearby plants, prices saw a sudden reversal yesterday, improving by ₹25–30 per quintal. In Kumbhraj mandi, fresh bids pushed maize up by ₹100 per quintal because arrivals suddenly dropped from 14,000 quintals to just 4,000. Based on quality, trade is booking 14% moisture material at ₹1750, and average fungus-quality maize at ₹1450 per quintal. With increased demand at lower levels, there is now limited room for further decline. Market media and mandi experts believe that prices may improve another ₹50–100 from here. Better parity in poultry, slowly returning export demand, and lower farmer selling are all suggesting that maize is in comeback mode and prices may remain in a steady-to-strong range in the near term.

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