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Maize prices to rule around Rs. 1400-1500 per quintal by harvest in Ranebennur market

 

 

 

The trade in maize is mainly dependent on the demand from the poultry
industry which is situated in Tamil Nadu and Andhra Pradesh. Volatile prices of
maize at harvesting season leave farmers in dilemma regarding the sowing decisions
that they have to take during the ensuing kharif season. In order to guide the farmers
to take right decisions regarding sowing of the crops, the Domestic and Export Market
Intelligence Cell, Department of Agribusiness Management, University of
Agricultural Sciences, Dharwad has taken up a study to analyze the behaviour of
prices of maize in selected markets of North Karnataka.
For this study, the monthly modal price data pertaining to the last 20 years
from one of the leading markets in Karnataka for maize crop, Ranebennur regulated
market, were collected and analyzed using rigorous time series analytical techniques
and prices that would prevail at the harvesting (August- September) of the crop in the
market were forecast. These forecast prices were fine tuned by obtaining valuable
opinions of well experienced traders, scientists and progressive farmers.
On the basis of study conducted in analyzing the 20 years monthly price data
from Ranebennur regulated market, and opinions and suggestions obtained from
agricultural scientists, maize traders, progressive farmers and also the futures price
data obtained from National Commodities and Derivatives Exchange of India
(NCDEX), the prices of maize are expected to hover around Rs. 1400-1500/quintal at
the time of harvest, i.e., during August-September. Very well matured, bold, dried,
uniform coloured and cleaned seeds are to fetch higher prices. So, the farmers are
advised to keep these points in mind while taking up cultivation of the crop.

 

 

 

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