Maize Prices News Today

Farmers in Karnataka, Andhra Pradesh, Telangana and Tamil Nadu have reportedly been witnessing wilting in Bengal gram (chana) and shrivelling of paddy and cobs in maize

Maize prices in India have surged by 20% in the first two weeks of January compared to October due to increased demand after the governments plans to procure the commodity for ethanol production. This move comes as restrictions are placed on using sugar for biofuel production. The prices are expected to stay firm in the coming months, and there could even be a shortage of the commodity.

A tale of two sides of the coin with gleeful consumers and morose cereal producers.

Crop Development PS Harsama Kello said they expect over 44 million bags of maize.

He said they are watching market forces to avoid destablising prices and hurting businesses.

3.5 million bags of fertiliser was provided to farmers this year.

The revelation could trigger a further increase in the costs of maize and maize flour.

Traders say the 10 million bags they have been allowed to import will take long to arrive.

The price of a 90kg bag of maize has dropped by at least Sh1,000, leading to a slight reduction in maize flour prices by millers.

Trade CS Moses Kuria in early December issued a 72-hour ultimatum to maize farmers to release the produce to the market.