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RABI PRE-HARVEST PRICE FORECAST OF MAIZE FOR 2015-16

The poultry industry has requested the Union Government to remove duties on imports of maize to bail out the farmers with the shortage of feed staring the industry. Severe drought across the country has resulted in poor flow of maize, the main feed for the poultry industry. There will be a shortfall of 4 million tonnes of maize this year. The average cropped area of Telangana and Andhra Pradesh in rabi season was less than normal area. According to the trade sources, the Indian Government has made an important agreement with 5 nations but the extent of imports are not clear. With the arrivals expected 2016 the prices are a bit stagnant. Under the circumstances the Agricultural market Intelligence Centre (AMIC) of S.V.AgriculturalCollege has forecasted the pries of maize in the forth coming months using the modal prices of maize from Nizamabad market. The economic analysis was supported by market survey, which indicated that the prices of maize would be around Rs.1400/qtl in coming months. Farmers can dispose their maize at the present prices.

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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.