New Delhi, February 23 (Commodities Control): Maize prices traded steady to slightly firm at Rs 2350-2400 per quintal. Prices have improved by Rs 80-90 per quintal from their bottom. However, they are still down by Rs 30-40 from their high.
Maize prices traded slightly firm today in Maharashtra, with selling pressure slowly weakening. Sangli zone saw an improvement of around Rs 25 per quintal, trading in the range of Rs 2350-2375 per quintal, while Jalgaon reported prices at Rs 2325 per quintal.
Poultry buyers from North and UP are mostly buying from Bihar due to a lack of good-quality maize supplies from other parts of India.
Bihar sellers are still reluctant to sell at current rates. A Karnal-based buyer increased Bihar maize prices by Rs 10 per quintal to Rs 2660 today. MP Punjab line traded steady at Rs 2550 per quintal.
Prices traded steady at Rs 2300-2310 per quintal in Chindwara. Most supplies are now being lifted from godowns. Ethanol demand may improve significantly as the government considers agreements with distillers to supply maize at Rs 2291 per quintal. OMCs have invited tenders to supply 267 crore litres from C heavy molasses and damaged grains only.
There is no movement in the Karnataka maize market. Arrivals have declined sharply, but neither buyers nor sellers are active. Prices remain steady at Rs 2350 per quintal for the past few weeks.
Prices in Tamil Nadu are steady at Rs 2350-2370 per quintal. Stockists are not active in the market.
Maize prices in Kolkata and Kharagpur have been trading steady at Rs 2525-2550 per quintal in the last few days. Currently, demand from bulk buyers is relatively sluggish.
Assam crop is expected to start arriving from March first week, but loading for outside states will begin in mid-March. West Bengal crop is anticipated to start from March end (after Holi).
Since no crop supplies are expected to start within the next month, maize prices are likely to trade steady to firm in the near term.
(By Commoditiescontrol Bureau; +91 98201 3018)
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