Agricultural Supply and Demand Outlook
Maize
• By contrast, international coarse grain prices fell in May for a second
consecutive month. Maize export quotations from Brazil (Paranagua,
feed) led the decline, falling by 7 percent, with the imminent start of
the main maize harvest, which is forecast to be a record, exerting
downward pressure on markets, while seasonal supplies from
ongoing harvests amid strong export pace, kept Argentina (Up River,
f.o.b.) quotations stable month on month. The benchmark United
States of America (US No.2, Yellow, f.o.b.) maize price fell by 1
percent, with planting progress picking up as weather conditions
improved slightly. World sorghum prices also declined in tandem with
maize price trends, while spill-over effects from the strength in wheat
markets and concerns over crop conditions in the European Union
boosted barley prices month on month.
• International wheat and rice prices continued to increase, while prices
of coarse grains declined
• In May,2022 International export prices of Argentina maize was
quoted at US Doller 314.55/tonnes where as it was US Doller
315.71/tonnes in April, 2022.
• MSP for the Kharif Marketing season 2022-23 is Rs. 1962/quintals for
maize. Which is Rs. 92 increases over previous year (4.9% higher than
previous year), and is 50% over return of cost of production.
• In the next kharif season 2022-23 Uttar Pradesh government has set
target to increase 1.0 lakh hectare area under maize to increase 6.93
lakh metric tonnes (Imt) production to the targeted level at 21.60 lmt.
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