Maize Demand Increase: After banning the export of wheat and rice, now the central government is thinking of banning the export of maize. Maize is in great demand in the form of starch and in the poultry sector, but these days the prices of maize have reached Rs 2,150 per quintal. It is being speculated that these prices may increase further.
In the Businessline report, quoting sources, it has been told that due to the rising prices of maize and heavy demand, the Ministry of Food Processing Industries has also written a letter to the Ministry of Commerce, in which it has been said that the price of maize will increase and the supply in the manufacturing companies will come to a standstill. Has been. Along with this, there has also been a demand to reduce or ban the export of maize to meet the domestic supply of maize.
Maize prices skyrocketing
According to the latest figures, these days along with the prices of maize, the demand has also increased a lot. Data from Agmart, which comes under the Ministry of Agriculture and Farmers Welfare, shows that from December 1 to December 8, the price of maize has been recorded at Rs 1,173 per quintal, which is much higher than the minimum support price of maize at Rs 1,962 per quintal. Taking last year’s figures, the price of maize was recorded at Rs 1,653.88 per quintal during this period.
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Direct impact on these areas
It is obvious that there is a considerable consumption of maize in the country. Here, amidst the development and expansion of the poultry sector, the demand for feed made from maize is very high, but due to the decrease in the supply of maize in the industries, its price may also increase soon. On this matter, Vangili Subrahmanyam, President of Tamil Nadu Egg Poultry Farmers Marketing Society, says that we have to buy maize at the rate of Rs 2400 per quintal in Namakkal. On one hand the prices are high, on the other hand the demand in the international market is also skyrocketing. There is a problem in the domestic supply here, but on the other hand, a sizeable consignment of maize is being exported at the major ports of the country.
Huge demand in these countries
Now amidst the problems in the domestic supply of maize, the demand for Indian maize is increasing abroad. In this case, President of Agri Commodities Exporters Association, M Madan Prakash told media reports that demand for maize is also coming from Vietnam to Sri Lanka, Indonesia and Taiwan. We are being asked for its price. There is speculation that the foreign demand for maize may increase after the new year, because the preparations for the new year are going on, due to which the stock of maize has been kept on hold. It also takes 9 to 10 days to export maize to many countries.
Exports from these states
According to media reports, Mukesh Singh, director of Mubala Agro Commodities Pvt Ltd, says that the demand for maize in South-East Asia has increased the export. Presently the stock of Maize is also being made available at Rs.2200 per quintal only, although many international exporters are buying Maize in bulk. This supply is being done from Karnataka and Andhra Pradesh, but it is not known for how long, because the moisture in maize has increased due to the rains. Although a good yield of maize is expected in the Kharif season this year, but at present there are strong possibilities of the government taking a big decision to control its demand, supply and prices.
Disclaimer: Some of the information given in the news is based on media reports. Farmer brothers, before implementing any suggestion, do consult the concerned expert.