Maize Prices Remain Stable to Weak

Maize prices in major markets across the country were stable to weak on Tuesday. In Bihar, prices saw little upward movement due to low domestic consumption and limited interest from exporters. At the Gulabbagh mandi in Bihar, prices for average-quality maize fell by ₹20 per quintal, ranging between ₹1,925 and ₹2,050 per quintal. Overall buying activity remained slow throughout the session. Eastern India markets also remained weak, with negligible trade in many centers and almost no fresh bids. In central and western India, particularly Maharashtra and Madhya Pradesh, prices also weakened due to ample local supplies and reduced demand from poultry and starch industries. Traders noted that stockists are gradually offloading their inventories, adding pressure to the market. Weak export inquiries have removed a key support for prices, leaving domestic industrial buyers as the primary source of demand. These buyers are currently following a “wait and buy” approach. In the near term, the maize market is expected to remain range-bound, and price pressures are likely to continue. Significant price increases are unlikely unless export demand picks up or arrivals slow considerably. Given the current situation, aggressive buying is not advised, as industrial purchases based on immediate needs are likely to limit any sustained price rise.

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