Skip to main content

Maize prices to rule around Rs. 1200-1300 per quintal by harvest

Global maize production forecast for 2012-13 is 833.0 million tonnes with a reduction of 5.1 million tonnes from last year and stocks are expected to decline to a six year low by the end of this year as per the forecast made by International Grain Council (IGC). Maize is grown both in kharif and rabi season in India. The contribution of kharif maize is around 65 per cent to the total production. Major growing regions of maize as per their average production are Andhra Pradesh, Karnataka, Bihar, Rajasthan and Madhya Pradesh while the seasons are different. Congenial weather conditions are more supportive for the higher production of maize in southern India. India has a huge livestock market therefore the major demand for maize arises from poultry and livestock feed industry. Starch obtained after maize processing is used in various industrial segments like pharmaceuticals, textiles, hotels, etc. In the recent times the consumption pattern is fast shifting to easy to eat foods like corn soup, flakes which is also adding to the demand of maize. Feed industry consumes 45% of the maize, 25% is used as poultry feed while 12% is consumed by starch and other industries. Food consumption of maize is restricted to less than 5 percent while seed purpose usage is 13% of the produce. In Rajasthan, during the current year much competition was witnessed from cotton and Guar. Rajasthan Government in its first advance estimate has estimated the area of maize at 9.57 lakh hectare and production at 17.23 lakh tonnes in 2012-13. Last year, the area under maize was 11.43 lakh hectares with a production of 20.52 lakh tonnes. In Rajasthan, major maize growing districts are Udaipur, Ajmer, Bhilwara, Dungarpur, Banswara, Jhalawar, Kota, Baran, Pratapgarh, Bundi and Chittoregarh. To help the farmers to know the prices that are likely to prevail during kharif 2012, the Agricultural Market Intelligence Centre (AMIC) of Department of Agricultural Economics and Management, Rajasthan College of Agriculture, Udaipur has forecasted price likely to be prevailed in the post harvest months using the time series data of maize prices of Udaipur market. The analysis along with the market survey and advice received from DEMIC, TNAU, Coiambatore indicated that the maize prices would likely to prevail around Rs. 1200 to 1300 per quintal at harvest (Nov.-Dec.). Hence taking into above facts and other consideration , farmers may go for selling (with 10-12 % moisture) after harvest. (S.S. Burark) CCPI (NAIP)

Your rating: None

Please note that this is the opinion of the author and is Not Certified by ICAR or any of its authorised agents.