Maize Outlook, September 2023
Agricultural Market Intelligence Centre, PJTSAU Page1
Maize Outlook – September 2023
Maize or corn (Zea mays) is cultivated globally being one of the most important cereal crops worldwide. U.S. maize exports have reached 23.67 million metric tonnes (MMT), including 1.07 MMT exported from April 13 to April 20, 2023. Exports of 1,076,300 MT were down 17 percent from the previous week, but up 7 percent from the prior 4-week average. The destinations were primarily to Japan (342,600 MT), Mexico (256,900 MT), China (141,700 MT), Colombia (90,700 MT), and Peru (72,100 MT).
Table 1: International Grain Council’s World Corn Projections (in million metric tonnes)
Table 2: Domestic Balance Sheet (in MMT)
2020/21 (Estimated)
2021-22 (Forecast)
2022-23 (Projected)
Opening Stocks 11.8 17.48 18.89
Production 31.65 33.62 35.91
Imports 0.02 0.29 0.01
Total Supply 43.47 51.39 54.81
Export 3.47 3.4 3.00
Domestic Consumption 22.52 29.1 30.00
Total Demand 25.99 32.5 33.00
Ending Stocks 17.48 18.89 21.81
Source: www.agriwatch.com
In India, Vanakalam (kharif) maize has been sown in around 83.33 lakh hectares (205.91 lakh acres) as on 8th September 2023 which is higher than 80.97 lakh hectares (200.08 lakh acres) covered during corresponding period of last year. Major maize growing states are Madhya Pradesh 17.44 lakh ha (43.10 lakh acres), Karnataka 15.15 lakh ha (37.44 lakh acres), Rajastan 9.42 lakh ha (23.28 lakh acres), Maharastra 9.04 lakh ha (22.34 lakh acres), Uttar Pradesh 7.63 lakh ha (18.86 lakh acres), Bihar 3.41 lakh ha (8.43 lakh acres), Gujarat 2.82 lakh ha (6.98 lakh acres), Odisha 2.61 lakh ha (6.45 lakh acres), Himachal Pradesh 2.38 lakh ha (5.88 lakh acres),
2021/22 (Estimated)
2022-23 (Forecast)
2023-24 (Projected)
Opening Stocks 279 285.9 274.2
Production 1224.2 1160.4 1220.8
Imports 180.1 179.6 171.5
Total Availability 1503.2 1446.3 1495
Food 137.5 133.9 134.5
Feed 723.3 697.6 720.9
Industrial 308.4 304.8 308.3
Others 48.1 35.8 43.5
Total Consumption 1217.3 1172.1 1207.3
Exports 180.1 179.6 171.5
Ending Stocks 279 285.9 274.2
Source: InternationalGrains Council
Maize Outlook, September 2023
Agricultural Market Intelligence Centre, PJTSAU Page2
Jharkhand 2.27 lakh ha (5.61 lakh acres) and Telangana 2.16 lakh ha (5.34 lakh acres). According to 3rd Advance Estimates of Production of Food grains for 2022-23, all India Maize production estimate was 35.91 million tonnes.
Table 3: State wise area under maize in India State
2022-23 2023-24
Lakh ha Lakh acres
% to total
area Lakh ha Lakh acres
% to total area
Madhya Pradesh 16.2 40.03 20.01 17.44 43.10 20.93
Karnataka 14.28 35.29 17.64 15.15 37.44 18.18
Rajasthan 9.44 23.33 11.66 9.42 23.28 11.30
Maharashtra 8.78 21.70 10.84 9.04 22.34 10.85
Uttar Pradesh 7.53 18.61 9.30 7.63 18.85 9.16
Bihar 3.32 8.20 4.10 3.41 8.43 4.09
Gujarat 2.88 7.12 3.56 2.82 6.97 3.38
Odisha 2.51 6.20 3.10 2.61 6.45 3.13
Himachal Pradesh 2.3 5.68 2.84 2.38 5.88 2.86
Jharkhand 2.08 5.14 2.57 2.27 5.61 2.72
Telangana 2.47 6.10 3.05 2.16 5.34 2.59
Others 9.18 22.68 11.34 9.00 22.24 10.80
All India 80.97 200.08 100.00 83.33 205.91 100.00
Source: http://agricoop.nic.in
Table 4: District wise area under maize in Telangana State Districts
2022-23 2023-24
Ha Acres % to total
area Ha Acres % to total
area
Kamareddy 36640 90,540 14.73 23782 58767 10.98
Rangareddy 29616 73,182 11.90 22644 55955 10.45
B. Kotthagudem 27584 68,162 11.09 21001 51895 9.69
Mahabubabad 21885 54,080 8.80 20190 49891 9.32
Nagarkurnool 12919 31,924 5.19 18716 46248 8.64
Vikarabad 23294 57,561 9.36 18293 45203 8.44
Nizamabad 13045 32,236 5.24 16642 41123 7.68
Jagtial 18369 45,390 7.38 16027 39603 7.40
Siddipet 12873 31,810 5.17 11951 29531 5.52
Others 52577 129921 21.13 47444 117236 21.89
TELANGANA 248804 614806 100.00 216690 535452 100.00 Source: www.agri.telangana.gov.in
Vanakalam (kharif) in Telangana, it has been sown in 2.16 lakh hectares (5.35 lakh acres) as on 6th September 2023 which is lower than 2.48 lakh hectares (6.15 lakh acres) covered during corresponding period of last year. The major growing districts are Kamareddy 23095 ha (57068 acres), Rangareddy 22644 ha (55955 acres), Bhadradri Kotthagudem 21001 ha (51895 acres),
Maize Outlook, September 2023
Agricultural Market Intelligence Centre, PJTSAU Page3
Mahabubabad 20190 ha (49891 acres), Nagarkurnool 18716 ha (46248 acres), Vikarabad 18293 ha (45203 acres), Nizamabad 16642 ha (41123 acres), Jagtial 16027 ha (39603 acres), and.
According to 3rd Advance Estimates of Production of Food grains for 2022-23, Maize production estimate was 28.80 lakh tonnes in Telangana State.
Table 5: State wise Wholesale Prices Monthly Analysis for Maize during August 2023
State Prices August,
2023 Prices July, 2023
Prices August,
2022
% Change (Over Previous
Month)
% Change (Over Previous
Year)
Andhra Pradesh 2018 2007 1846 0.55 9.32
Bihar 1879 __ __
Chhattisgarh 1799 1767 1778 1.81 1.18
Gujarat 2190 2242 2394 -2.32 -8.52
Haryana 1656 1449 2240 14.29 -26.07
Karnataka 2240 2168 2305 3.32 -2.82
Madhya Pradesh 1984 1980 2105 0.2 -5.75
Maharashtra 2445 2178 2433 12.26 0.49
Manipur 3250 3250 0 __
Nagaland 9365 7563 5321 23.83 76
NCT of Delhi 1499 1413 2150 6.09 -30.28
Odisha 1627 1525 1627 6.69 0
Pondicherry 2077 __ __
Punjab 1461 1448 1834 0.9 -20.34
Rajasthan 1622 2002 2132 -18.98 -23.92
Tamil Nadu 2209 2185 2442 1.1 -9.54
Telangana 2029 2041 1946 -0.59 4.27
Uttar Pradesh 1844 1880 2107 -1.91 -12.48
Uttrakhand 1858 2194 -15.31 __
Average 2387.5 2298.28 2310.67
Source: https://agmarknet.gov.in Maize Price Outlook
Prices are likely to remain steady to firm, amid expectation of good demand from buyers and to trade in a range of Rs. 2300-2500 per qtl. During the month under review, market remained range bound and it’s likely to remain steady to firm in upcoming month as arrivals have almost finished and demand will slightly increase as Shravan month ends.
Gulabbagh market arrivals have decreased in the month of August compared to last month.
The monthly average prices have also decreased slightly, compared to the previous month of July 2023 amid lower demand. Whereas, in Devangere, Karnataka prices are steady compared to the previous month. During the month under review, bilty maize prices in Gulabbagh remained at Rs.
Maize Outlook, September 2023
Agricultural Market Intelligence Centre, PJTSAU Page4
2220 per quintal in August 2023 which is similar to the previous July month. Likewise, the monthly average price for loose maize in Davangere, Karnataka, reached to Rs. 2351 per quintal in August 2023 from Rs. 2335 per quintal in July 2023. Farmers in M.P., Karnataka and Maharashtra shifted cotton and pulses area to maize due to uneven distribution of rains, delayed monsoon
Table 6: Maize arrivals and prices in Badepally Market for the Month of August 2023 Date Arrival
(Quintals)
Minimum price (Rs/quintal)
Maximum price (Rs/quintal)
Modal price (Rs/quintal)
1 15 2,130 2,130 2,130
2 20 2,184 2,184 2,184
3 51 2,121 2,169 2,121
4 15 2,051 2,051 2,051
5 42 1,820 2,000 2,000
17 29 2,051 2,051 2,051
18 20 2,109 2,109 2,109
19 105 1,777 2,179 2,179
23 15 1,905 1,905 1,905
25 66 2,201 2,215 2,215
26 37 2,231 2,231 2,231
28 145 1,900 2,221 1,939
29 68 2,000 2,196 2,180
30 101 2175 2203 2191
Source: http://tsmarketing.in/
Under these circumstances, Agricultural Market Intelligence Centre, PJTSAU expects that maize could trade in price range of Rs. 1920 - 2210 quintal during the month of September, 2023.
