The export of maize has touched USD 816.31 million in first ten months of the current fiscal 2021-22 (April-January), already exceeding the USD 634.85 million achieved during the last financial year
The price is expected to trade lower at Rs 1,400 a quintal following ample wheat supplies
Maize prices are expected to trade lower towards Rs 1,150 - Rs 1,100 per quintal in a couple of weeks
The NACOF would be procuring maize from the farmers through the state-controlled Krishi Upaz Mandi for Rs 1760 a quintal
The tender closes on Dec. 3 with offers having to remain valid up to Dec. 24.
According to latest data from the department of agriculture, till July 25, maize has been sown in around 6.38 million hectares, which is around 136,000 hectares more than the same period last year
Soybean at the benchmark Indore markets are trading at Rs 3,671 per quintal
Maize prices in Gulabbagh are trading at Rs 2,085 per quintal
Historically, farmers bring in more area in favour of the crop which realised higher last year
The domestic starch industry has also voiced concerns over sub-optimal corn supply this season, owing to less-than-normal rainfall last year
Experts have already voiced their concern over India's ability to find non-GM maize, which only a handful of countries grow
According to trade estimates, the crop for the current season is 17 million tonnes, against the domestic demand of 20 mt
To meet the rising domestic demand of the crop