Maize Market Jumps as Supply Tightens Amid Rainfall Disruptions

As the weather shifted, the maize market also changed direction, giving buyers an opportunity to step in aggressively. In Bihar, maize prices rose by ₹40 to ₹50 per quintal yesterday. Notably, the market has already gained nearly ₹250 per quintal over the past two weeks, validating earlier buying recommendations from market analysts. Southern markets also reflected similar strength. In Telangana and Andhra Pradesh, active stockpiling and sustained export demand pushed prices up by around ₹30. Warangal bilty rates increased by ₹30 to ₹1,980 per quintal, while Hyderabad delivery reached ₹2,100. In Vizianagaram, spot prices moved up by ₹20 to ₹1,860 per quintal. Looking at key mandis, Gulab Bagh saw a sharp jump of ₹80, with prices reaching ₹2,000–₹2,100 per quintal. Other markets reported rates of ₹2,050 at Tirupati starch plant, ₹1,900 in Chhindwara, ₹2,000 in Dewas, and ₹2,075 per quintal in Sangli. Large volumes of maize are being shipped from Andhra Pradesh to Visakhapatnam port, where approximately 200,000 tonnes have arrived over the past month. Prices at the port are currently around ₹2,050 per quintal, and export demand remains firm even at these elevated levels. In eastern India, heavy rainfall in Bihar, West Bengal, and Assam has delayed arrivals, tightening supply. This has driven Kolkata delivery prices higher by ₹100 to ₹125 per quintal, strengthening overall market sentiment. On the demand side, several poultry buyers entered the market with requirements of 50 to 100 tonnes and were willing to pay up to ₹100 more per quintal. However, due to limited supply, they were unable to secure their full quantities. Current conditions suggest that arrivals may remain disrupted for the next 10 days, which is likely to continue supporting prices. Globally, the trend is also positive. Chicago maize futures have reached about a one-month high of $4.69-1/2 per bushel, supported by strong export demand and concerns over excessive rainfall in the U.S. Midwest. Additionally, rising crude oil prices are lending support to maize due to its link with biofuel demand. In the near term, there are no clear signs of a major price decline. However, if weather conditions improve next week and arrivals increase, a mild correction in prices may occur.

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