Maize Market Update: Price Fluctuations and Ethanol Demand Drive Trends

The maize market in India has been experiencing fluctuations over the past few weeks. Due to increased arrivals in Bihar, maize prices have softened, bringing the rates in Haryana and Punjab down to ₹2390-2410 per quintal. Market experts suggest that despite the price dip, buyers should continue purchasing maize. In producer markets, prices have settled at ₹2100-2125 per quintal, and demand from ethanol manufacturers is beginning to emerge. Regions like Darbhanga, Gulab Bagh, Khagaria, and Begusarai in Bihar are witnessing a strong maize harvest. However, stockists have entered the market, which may prevent further price declines. In Madhya Pradesh, inquiries from bulk buyers have increased, leading to fewer sellers in the market. Meanwhile, Maharashtra and Rajasthan have seen reduced sales due to recent price drops. Experts believe that the growing demand for ethanol production could stabilize maize prices. Government policies supporting ethanol blending are expected to provide a positive outlook for maize farmers and traders. Current Maize Prices - Bihar: ₹2075-2100 (ex-mandi) - Warehouse delivery: ₹2125-2150 - Haryana-Punjab: ₹2400-2450 As bulk buyers increase their demand, the market is likely to witness an upward trend. Farmers and traders are advised to monitor market movements closely and make informed decisions.

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