Maize Outlook, January 2022

Maize Outlook – January 2022

Maize or corn (Zea mays) is cultivated globally being one of the most important cereal
crops worldwide. U.S. Maize exports have reached to 136.67 MMT for the 2021-22 marketing
year, with the exports of 9.21 MMT for the period of 17th Dec – 23rd Dec 2021, exports were
down by 16 percent from the previous week and 9 percentage from the prior 4-week average, to
the destinations like Mexico (278,300 MT), China (277,000 MT), Japan (189,800 MT), Canada
(64,000 MT), and Costa Rica (27,600 MT). It expects that dry weather related conditions in Brazil
and Argentina could provide support to U.S corn exports.
Table 1: International Grain Council’s World Corn Projections (in million metric tonnes)
2019/20 2020/21 2021/22
(Estimated) (Forecast) (Projected)
Opening Stocks 326.4 298 278.3
Production 1126.5 1125.9 1211.8
Imports 174.5 188.5 176.8
Total Availability 1452.9 1423.9 1490
Food 130.1 130.3 133.3
Feed 691.9 679.4 715.9
Industrial 293.4 298 308.6
Others 39.5 37.9 44.9
Total Consumption 1154.9 1145.6 1202.7
Exports 174.5 188.5 176.8
Ending Stocks 298 278.3 287.4
Source: International Grains Council
Table 2: Domestic Balance Sheet (in MMT)
2019/20 2020/21 2021-22
(Estimated) (Forecast) (Projected)

Opening Stocks 6.42 11.8 17.34

Production 28.77 24.51 23.95
Imports 0.34 0.02 0.15
Total Supply 35.53 36.33 41.44
Export 1.11 3.47 1.59
Domestic Consumption 22.62 22.52 22.75
Total Demand 23.73 25.99 24.34
Ending Stock 11.8 10.34 17.1
Monthly Use 1.98 2.16 2.03
Stock to Use Ratio 14.38% 7.96% 7.07%
Source: www.agriwatch.com

Agricultural Market Intelligence Centre, PJTSAU Page1

 Maize Outlook, January 2022

In India, rabi maize has been sown in around 6.17 lakh hectares (15.25 lakh acres) as on
rd
03 December 2021 which is lower than 6.33 lakh hectares (15.64 lakh acres) covered during
corresponding period of last year. Major maize growing states are Tamil Nadu 1.60 lakh ha (3.96
lakh acres), Maharashtra 1.21 lakh ha (2.99 lakh acres), Bihar 0.86 lakh ha (2.13 lakh acres),
Telangana 0.82 lakh ha (2.03 lakh acres), Gujarat 0.50 lakh ha (1.24 lakh acres) and West Bengal
0.31 lakh ha (0.77 lakh acres) and.
Table 3: State wise area under maize in India
2020-21 2021-22
State Lakh % to total Lakh % to total
Lakh ha Lakh ha
acres area acres area
Tamil Nadu 1.05 2.59 16.56 1.60 3.96 26.00
Maharashtra 1.08 2.67 17.09 1.21 2.99 19.58
Bihar 1.95 4.82 30.81 0.86 2.13 13.94
Telangana 0.45 1.11 7.11 0.82 2.03 13.29
Gujarat 0.48 1.18 7.55 0.50 1.24 8.12
West Bengal 0.38 0.94 6.00 0.31 0.77 5.02
Andhra Pradesh 0.27 0.67 4.27 0.22 0.54 3.57
Others 0.67 1.66 10.62 0.65 1.60 10.49
All India 6.33 15.64 100.00 6.17 15.25 100.00
Source: http://agricoop.nic.in
Table 4: District wise area under maize in Telangana State
2020-21 2021-22
Districts % to total % to total
Ha Acres Ha Acres
area area
Khammam 10873 26867 24.39 17551 43370 21.38
Nirmal 13982 34551 31.37 16510 40798 20.12
Kamareddy 2086 5154 4.68 6995 17284 8.52
Nizamabad 537 1326 1.20 4806 11876 5.86
Warangal (Rural) 5068 12523 11.37 4558 11264 5.55
Mahabubabad 3436 8490 7.71 4536 11208 5.53
Badradri Kothagudem 1556 3845 3.49 3918 9681 4.77
Gadwal 972 2401 2.18 1777 4391 2.17
Others 6066 14990 13.61 21422 52935 26.10
Telangana 44575 110147 100.00 82073 202807.00 100.00
Source: www.agritelangana.gov.in
During Yasangi (rabi) in Telangana, it has been sown in 0.82 lakh hectares (2.03 lakh acres)
as on 05th January 2022 which is higher than 0.45 lakh hectares (1.10 lakh acres) covered during
corresponding period of last year. The major growing districts are Khammam 17551 ha (43370
acres), Nirmal 16510 ha (40798 acres), Kamareddy 6995 ha (17284 acres), Nizamabad 4806 ha
(11876 acres), Warangal Rural 4558 ha (11264 acres) and Mahabubabad 4536 ha (11208 acres) .

Agricultural Market Intelligence Centre, PJTSAU Page2

 Maize Outlook, January 2022

Table 5: State wise Wholesale Prices Monthly Analysis for Maize December, 2021
% Change % Change
Prices Prices Prices
(Over (Over
State December, November December,
Previous Previous
2021 , 2021 2020
Month) Year)
Andhra
1523.37 1471.66 1333.15 3.51 14.27
Pradesh
Chhattisgarh 1520.5 1541.25 1289.32 -1.35 17.93
Gujarat 1775.78 1671.2 1548.06 6.26 14.71
Haryana 1921.43 1403 __ __
Karnataka 1617.1 1641.37 1356.56 -1.48 19.21
Madhya
1535.27 1487.73 1251.59 3.2 22.67
Pradesh
Maharashtra 1586.65 1532.81 1311.86 3.51 20.95
Odisha 1618.06 1562.22 1368.23 3.57 18.26
Punjab 1926.5 1842.6 4.55 __
Rajasthan 1645.29 1621.58 1440.78 1.46 14.19
Tamil Nadu 1562.26 1623.16 1374.12 -3.75 13.69
Telangana 1813.98 1718.61 1533.68 5.55 18.28
Uttar Pradesh 1717.96 1690.27 1707.71 1.64 0.6
Average 1653.56 1640.45 1501.39
Source: https://agmarknet.gov.in

Maize on CBOT rose by US$ 10.13 per MT to US$ 233.55 per MT for March, 2022
contract compared to the previous month on the account of dry weather condition related concerns
in Brazil and Argentina. It expects that forecast of dry weather conditions in Brazil and Argentina
would support CBOT Maize.

Maize cash markets showed a mixed trend with firm bias towards end during the month of
December’21 compared to previous month due to improvement in demand from the feed industry
towards end and reduced availability of required quality material. Also, Maize market was firm
compared to corresponding period last year. For the month of January’22, it expects that Maize
would trade with steady to slightly firm sentiment as demand for good quality material seems to
be improving as per the trend. Also, Rabi arrivals in current scenario seem to be delayed and
arrivals would decrease during mid-January to mid-February.

Good quality Maize is being traded in Bihar between Rs. 2,000 - Rs. 2,150 per quintal.
Poultry feed Maize is being supplied to Punjab and Haryana between Rs. 2,300 - Rs. 2,400 per
quintal sourced from Gulabbagh, Bihar. Sources revealed that Maize in Nizamabad market is
being traded at Rs. 1,850 per quintal. Loose Maize in Davangere market, Karnataka is being
traded at Rs. 1,600 per quintal.

Agricultural Market Intelligence Centre, PJTSAU Page3

 Maize Outlook, January 2022

Table 6: Maize arrivals and prices in Kesamudram Market for the month of December 2021
Arrival Minimum price Maximum price Modal price
Date
(Quintals) (Rs/quintal) (Rs/quintal) (Rs/quintal)
1 7 1,009 1,649 1,639
2 15 1,655 1,769 1,725
3 56 1,001 1,769 1,886
6 34 1,459 1,818 1,749
7 83 1,559 1,821 1,789
8 27 1,789 1,789 1,789
9 187 1,050 1,793 1,675
10 24 1,389 1,759 1,639
13 115 1,511 182 1,802
14 115 1,511 1,802 1,802
15 67 1,689 1,789 1,689
16 78 1,715 1,778 1,778
17 18 1,500 1,755 1,689
20 36 1,733 1,759 1,759
22 20 1,189 1,769 1,769
24 3 1,702 1,702 1,702
27 5 1,289 1,359 1,289
28 16 1,489 1,652 1,652
29 189 1,676 1,753 1,676
30 6 1,669 1,989 1,989
Source: http://tsmarketing.in/

Maize Price Outlook

In Karnataka, maize is likely to trade steady with a slightly firm bias. Also, there is
expectation of increase in demand from poultry industry with winter season to be at its peak and
decreased arrivals in coming term. It expects that maize would trade in a range of Rs. 1,600 -
1,850 per quintal (loose price) during the month of January’22.

In Naugachia region of Bihar, Maize is being traded at Rs. 2,150 per quintal (Bilty Price). In
Gulabbagh also, it is being traded at Rs. 2,150 per quintal (Bilty Price). It is expected that maize
would trade steady to firm in near term due to expected delay in rabi maize arrivals. It expects
that maize in Gulabbagh would trade in a range of Rs. 1,900-2,500 per quintal (Bilty Price) during
the month of January’22.

Under these circumstances, Agricultural Market Intelligence Centre, PJTSAU expects that
maize would trade in price range of Rs. 1650 - 1870 per quintal during the month of January,
2022.

Agricultural Market Intelligence Centre, PJTSAU Page4