Signs of Improvement in Maize Prices as Big Buyers Step Up Purchases

30-Apr-2025 01:55 PM

Begusarai. After a slight dip in maize prices last week due to better production and heavy market arrivals, the market is now showing signs of recovery, driven by increased buying from stockists and major companies. With current price levels considered favorable for bulk buyers, further price stability or improvement is anticipated in the near future.

Bihar, the largest Rabi maize-producing state, has witnessed rising momentum in harvesting and crop preparation in key districts including Khagaria, Begusarai, Darbhanga, Gulabbag, Semapur, Purnia, Katihar, Saharsa, Madhepura, Supaul, Mansi, and Gogri Jamalpur.

Last week, maize prices fell by Rs 200 per quintal amid large-scale arrivals, but renewed demand from stockists and large firms has led to a rebound.

A further decline below the current price level now seems unlikely, as purchasing activity remains strong despite continued heavy arrivals.

Ten days ago, maize was trading at Rs 2,350–2,360 per quintal, which fell to Rs 2,100–2,120 per quintal by the end of last week.

The current warehouse delivery price stands at Rs 2,150–2,175 per quintal, and traders expect it to surpass the Minimum Support Price (MSP) of Rs 2,225 per quintal soon.

Maize production in Bihar this season is expected to rise to 78–80 lakh tonnes, up from 74–75 lakh tonnes last year.

Previously, maize shipments from Bihar to Punjab and Haryana incurred a cost of Rs 2,550–2,575 per quintal, but the recent price decline has reduced this to Rs 2,440–2,450 per quintal, with a potential increase expected in coming weeks.