Agrowon Podcast : Maize production expected to remain low this season
1. There is some ups and downs in the price of cotton in the country and in the international market. Cotton futures in the country had increased by Rs 400 to Rs 60,320 till this afternoon. So the market prices were stable today. Cotton fetched an average price of Rs 7,000 to 7,700 per quintal today. The prices of Sarki and Sarki Penda also remained stable. Analysts in the cotton market have predicted that there will be a good demand for cotton in the future and the increase in price may also continue.
2. Soybean prices are fluctuating in the international market. Soybean is under pressure in the domestic market. Soybean purchase price by processing plants was increased by Rs 50 per quintal today. But in market committees across the country, soybeans still fetched an average price of Rs 4,400 to 4,900 per quintal. Analysts in the soybean market predicted that this price level of soybeans may be seen for a few more days.
3. Inflow of sorghum in the market appears low at present. So jowar has a good rise. Due to this, the price of sorghum is booming. Market entry of sorghum appears to be nearly 30 percent below average. Therefore, the price of sorghum is getting between 3 thousand to 4 thousand 500 rupees per quintal, depending on the quality. Traders are predicting that the surge in sorghum prices may continue in view of sorghum cultivation and rains.
4. Market penetration of Mosambi is gradually increasing. But Mosambi sees less of an upheaval. Currently, Mosambi is fetching an average price of Rs 3,000 to 4,000 per quintal in the market. With the start of harvesting of mangosteen, the arrival of mangosteen in the market will increase further in the future. So there may be pressure on the Mosambi market. But the traders are saying that there is no possibility of much moderation in the price.
5. The price of maize in the market of the country has increased for the past few days. There is a good demand for Indian maize in the international market. In Argentina, maize production decreased due to drought. Imports from Ukraine are halted due to the war. This increased the demand for Indian maize. Almost eight and a half lakh tonnes of maize was exported from India in the quarter from April to June. Vietnam, Nepal, Bangladesh and Malaysia are important consumers of Indian maize. In the current season, 359 lakh tonnes of maize was produced in the country. But there is good upside for domestic consumption and exports. Due to this, the price of maize has increased since last one month. At present the market entry is also low.
Farmers have less quantity of goods left. Also, the goods from some farmers are less likely to come to the market at the current level. At present, maize is fetching an average price of Rs 2,000 to 2,300 per quintal in the market. Maize production is also predicted to remain low in the current season. So the corn uprising can continue. Therefore, the maize market experts predicted that the price of maize may be seen at the level of 2 thousand 300 rupees in the next few days.
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