•The Indian maize market has experienced a temporary decline in prices due to the government's decision to sell Food Corporation of India (FCI) rice at ₹2,250 per quintal in the open market. This move has led to a ₹140-150 per quintal decrease in maize prices.
•However, market participants consider this downturn to be short-lived, with prices expected to recover by the end of February 2025. The delayed maize harvest in Bihar, scheduled to commence in a few months, is contributing to short-term market volatility.
•Initially, robust ethanol demand had driven maize prices higher, but lower-than-expected consumption between December and mid-January prompted the government to release subsidized rice, further pressuring maize prices.
•Current market prices for maize are as follows -Haryana and Punjab: ₹2,550-2,600 per quintal -Madhya Pradesh: ₹2,250-2,300 per quintal
•Starch mills and poultry buyers have reduced their purchases due to high prices, delaying the anticipated January price surge. Nevertheless, a ₹150-175 per quintal increase remains possible in the coming weeks .#corn #FCI #harvest #bihar #demand #ethanol #haryana #punjab #MadhyaPradesh #import #export #marketanalysis #marketinsights #socialmarketing #linkedin #agriculture #india *Market Intelligence Report: Unlock Actionable Insights*
--Comprehensive Coverage--
1. Area Estimates: Kharif & Rabi 2024-25 forecasts
2. Production Estimates: 2025 Marketing Year projections
3. Supply & Demand Scenario: Balance sheet analysis
4. Future Market Analysis: Ncdex, Mcx, and other exchange insights
5. Real-time Market Sentiments: Spot prices and market pulse
6. Domestic & International News: Market-moving news and updates
7. Prices & Trends: Historical and current price analysis
--Benefits--
1. Informed Decision-Making: Data-driven insights for traders, farmers, and stakeholders
2. Market Navigation: Anticipate trends, manage risk, and capitalize on opportunities
3. Competitive Edge: Stay ahead with real-time market intelligence and expert
analysis --Subscription Option:--
1. Daily Report
2. Weekly Report
3. Monthly Report
4. Customized Report (tailored to your specific needs)
