Balanced Supply and Demand Keep Maize Prices Steady in Maharashtra

Maize prices remained largely unchanged across major trading centers in Maharashtra on Wednesday, as ample supply continued to comfortably meet current demand. Consistent arrivals in the market have limited buying interest, preventing any upward movement in prices. In the Nashik and Pune regions, maize prices showed no significant variation, while in Mumbai, export parity prices held steady in the range of ₹1,950–2,000 per quintal. The Amalneer market recorded daily arrivals of around 600–700 tonnes of maize. Traders noted that strong inflows have discouraged aggressive purchasing, keeping prices under pressure. Demand from the ethanol sector remains subdued. Several ethanol plants are operating at partial capacity due to lower-than-expected allocation from oil marketing companies. Producers indicated that with high inventory levels and restricted allocations, some plants may be forced to temporarily shut operations from next week. Lower ethanol production has also reduced the availability of Distillers Dried Grains with Solubles (DDGS), pushing prices up from ₹1,800 to ₹2,400 per quintal over the past month. Elevated DDGS prices have weighed on export demand, while higher domestic ethanol prices compared to global benchmarks have limited export opportunities. Looking ahead, traders expect maize prices to remain range-bound in the near term. Adequate domestic supply and weak industrial demand from the biofuel sector are likely to cap any significant upside in prices for now.

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