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Maize prices hit ₹4000 per quintal due to high demand from poultry and ethanol sectors, benefiting farmers with increased profits.
The price of maize, also known as corn, has seen a significant jump across the country, reaching as high as ₹4000 per quintal in some markets. This rise in prices comes on the heels of increasing demand for maize in poultry feed and ethanol production. Farmers cultivating maize could stand to benefit from this price rise, especially as most markets report rates above the government-fixed Minimum Support Price (MSP) of ₹2225 per quintal for the crop marketing year 2024–25.
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Here’s a look at the current maize prices in major markets across the country, along with expert insights into future trends.
In Madhya Pradesh, maize prices vary between ₹2000 and ₹2350 per quintal, with an average rate of ₹2184.33.
Maharashtra records the highest maize prices, with Mumbai Mandi topping at ₹4000 per quintal. The average price in the state is ₹3500 per quintal.
In Karnataka, maize prices range from ₹2100 to ₹2405 per quintal, with an average of ₹2256.67.
Tamil Nadu also reports maize prices reaching ₹4000 per quintal in some markets.
The rise in maize prices can be attributed to growing demand from poultry farms and ethanol manufacturers. Maize is a key ingredient in poultry feed, and its use in ethanol production has added to the demand pressure. Additionally, lower-than-expected production this year has limited supply, further driving prices upward.
Market experts suggest that while current demand is strong, significant price increases are unlikely in the near future. Fluctuations in maize prices could persist, making this an ideal time for farmers to sell their stock. With domestic demand exceeding supply, farmers may secure higher-than-MSP rates in most regions.
Maize prices vary daily and regionally. Farmers are advised to check local market rates before making decisions about selling or storing their produce.
By keeping an eye on market trends and current rates, farmers can make informed choices to maximize their earnings during this period of high demand.
Rising maize prices, driven by strong demand in poultry and ethanol sectors, present an excellent opportunity for farmers to profit. With rates exceeding MSP in most markets, timely sales can ensure higher returns. However, farmers should monitor local market trends closely, as prices remain subject to fluctuations.
Stay tuned for the latest updates on crop prices and agricultural trends.