Maize Outlook, January 2023

Maize Outlook – January 2023

Maize or corn (Zea mays) is cultivated globally being one of the most important cereal
crops worldwide. U.S. Maize exports have reached 9.23 million metric tonnes (MMT) for 2021-
22 Marketing Year, with the exports of 1.01 MMT for the period from 15th December 2022 to
22nd December 2022. Exports of 1,012,500 MT were primarily to Mexico (441,600 MT), China
(278,400 MT), Japan (124,200 MT), Colombia (45,400 MT), and Guatemala (33,700 MT).

Table 1: World Corn Projections (in million metric tonnes)

2020/21 2021/22 2022/23
(Estimated) (Forecast) (Projected)
Opening Stocks 298 278.7 280.7
Production 1136 1218.8 1166.2
Imports 188.1 179.4 170.4
Total Availability 1434 1497.4 1447
Food 136.4 136.9 134.5
Feed 678.7 723.1 701.6
Industrial 298 308.9 307.9
Others 42.2 47.8 45.9
Total Consumption 1155.3 1216.7 1189.8
Exports 188.1 179.4 170.4
Ending Stocks 278.7 280.7 257.2
Source: International Grain Council
Table 2: Domestic Balance Sheet (in MMT)
2020/21 2021-22 2022-23
(Estimated) (Forecast) (Projected)

Opening Stocks 11.8 17.48 18.89

Production 31.65 33.62 29.9
Imports 0.02 0.29 0.25
Total Supply 43.47 51.39 49.04
Export 3.47 3.40 1.72
Domestic Consumption 22.52 29.1 29.5
Total Demand 25.99 32.5 31.22
Ending Stocks 17.48 18.89 17.82
Monthly Use 2.17 2.09 2.01
Stock to Use Ratio 14.38% 9.29% 6.12%
Source: www.agriwatch.com

In India, rabi maize has been sown in around 17.65 lakh hectares (43.61 lakh acres) as on
st
31 December 2022 which is higher than 14.56 lakh hectares (35.98 lakh acres) covered during
corresponding period of last year. Major maize growing states are Bihar 5.43 lakh ha (13.42 lakh
acres), Maharashtra 2.98 lakh ha (7.36 lakh acres), Tamil Nadu 1.61.870 lakh ha (4.62 lakh

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 Maize Outlook, January 2023
acres), Telangana 1.10 lakh ha (2.27 lakh acres) and Gujarat 1 lakh ha (2.47 lakh acres)
According to 1st Advance Estimates of Production of Food grains for 2022-23, all India Maize
production estimate was 23.10 million tonnes.

Table 3: State wise area under maize in India

2021-22 2022-23
State Lakh % to total Lakh % to total
Lakh ha Lakh ha
acres area acres area
Bihar 4.94 12.21 33.93 5.43 13.42 30.76
Maharashtra 2.25 5.56 15.45 2.98 7.36 16.88
Tamil Nadu 1.85 4.57 12.71 1.87 4.62 10.59
West Bengal 1.40 3.46 9.62 1.46 3.61 8.27
Karnataka 0.83 2.05 5.70 1.10 2.72 6.23
Telangana 0.79 1.95 5.43 1.10 2.72 6.23
Gujarat 0.82 2.03 5.63 1.00 2.47 5.67
Andhra Pradesh 0.59 1.46 4.05 0.94 2.32 5.33
Chhattisgarh 0.42 1.04 2.88 0.73 1.80 4.14
Uttar Pradesh 0.109 0.27 0.75 0.338 0.84 1.92
Others 0.56 1.39 3.85 0.70 1.73 3.98
India 14.56 35.98 100.00 17.65 43.61 100.00
Source: http://agricoop.nic.in/

Table 4: District wise area under maize in Telangana State

2021-22 2022-23
Districts % to total % to total
Ha Acres Ha Acres
area area
Khammam 15954 39,422 20.02 21543 53234 19.47
Nirmal 16510 40,798 20.72 20445 50520 18.48
Kamareddy 6972 17,228 8.75 11030 27255 9.97
Nizamabad 4610 11,392 5.79 10487 25913 9.48
Mahabubabad 4503 11,127 5.65 8535 21090 7.71
Jagtiyal 2459 6,077 3.09 8407 20774 7.60
Gadwal(Jogulamba) 1777 4,391 2.23 6238 15414 5.64
Adilabad 1446 3,574 1.82 4315 10663 3.90
Warangal (Rural) 4494 11,106 5.64 2326 5747 2.10
Others 20953 51777 26.30 17302 42754 15.64
TELANGANA 79679 1,96,892 100.00 110627 273364 100.00
Source: www.agri.telangana.gov.in

During Yasangi (Rabi) in Telangana, it has been sown in 1.11 lakh hectares (2.73 lakh
acres) as on 04th January 2023 which is higher than 0.79 lakh hectares (1.96 lakh acres) covered

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 Maize Outlook, January 2023
during corresponding period of last year. The major growing districts are Khammam 21543 ha
(53234 acres), Nirmal 20445 ha (50520 acres), Kamareddy 11030 ha (27255 acres), Nizamabad
10487 ha (25913 acres), Warangal Rural 2326 ha (5747 acres) and Mahabubabad 8535 ha (21090
acres). According to 1st Advance Estimates of Production of Food grains for 2022-23, Maize
production estimate was 10.11 lakh tonnes in Telangana State.

Table 5: State wise Wholesale Prices Monthly Analysis for Maize December, 2022
Prices Prices Prices % Change % Change
State December, November, December, (Over Previous (Over Previous
2022 2022 2021 Month) Year)
Andhra Pradesh 2087.41 1903.55 1523.37 9.66 37.03
Bihar 2075 2093.89 -0.9 __
Chhattisgarh 2061.04 1969.41 1522.05 4.65 35.41
Gujarat 2365.43 2235.56 1775.89 5.81 33.2
Haryana 2255.19 2208.52 2.11 __
Karnataka 2195.41 2073.17 1617.18 5.9 35.76
Madhya Pradesh 2038.06 1916.49 1535.23 6.34 32.75
Maharashtra 2053.06 1949.05 1587.95 5.34 29.29
Manipur 3400 3400 0 __
NCT of Delhi 2476.18 __ __
Odisha 1737.63 1597.96 1619.64 8.74 7.28
Rajasthan 2218.46 1829.77 1645.17 21.24 34.85
Tamil Nadu 2093.13 2057.23 1560.06 1.75 34.17
Telangana 2147.98 2116.97 1813.97 1.46 18.41
Uttar Pradesh 2108.84 2078.31 1717.72 1.47 22.77
Average 2220.85 2100.42 1653.73
Source: https://agmarknet.gov.in

Maize prices displayed a slightly firm trend across the major spot markets in the nation,
while arrivals have decreased as the week came to a close. This is due to decrease in arrivals as
compared to same period last year, while the demand is currently more. Export demand is also on
the higher end. Devangere benchmark market sold the maize fresh arrivals (loose) at an average
price that ranged from Rs. 2310 to Rs. 2380, which is pricier than the previous week. Average
price of maize at Namakkal and Bangalore was Rs. 2490 and Rs. 2400, respectively, indicating a
somewhat firm movement than the previous week. Average weekly price for bilty maize at
Gulabbagh Market in Bihar remained unchanged from the previous week at Rs. 2,675 per quintal
for the present week.

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 Maize Outlook, January 2023
Table 6: Maize arrivals and prices in Kesamudram Market for the Month of December 2022

Arrival Minimum price Maximum price Modal price

Date
(Quintals) (Rs/quintal) (Rs/quintal) (Rs/quintal)
1 128 1,809 2,259 2,249
7 98 2,149 2,261 2,261
8 9 1,850 1,850 1,850
9 14 1,959 2,011 1,959
12 34 2,105 2,223 2,105
13 32 1,609 2,269 2,269
15 21 2,169 2,212 2,169
16 17 2,159 2,229 2,229
19 39 2,133 2,200 2,166
21 1 2,186 2,186 2,186
22 74 2,200 2,329 2,329
28 22 2,226 2,236 2,236
30 32 1956 2310 2300
Source: http://tsmarketing.in/

Maize Price Outlook

The Maize prices tend to stay steady to slightly firm in the coming months up to end of
March to beginning of April where the prices are anticipated to reduce upon arrival of rabi Maize.
The prices are expected to surge further after Makar Sankranti in various states like Bihar, Uttar
Pradesh & Maharashtra.

Under these circumstances, Agricultural Market Intelligence Centre, PJTSAU expects that
maize may trade in price range of Rs. 1962 - 2340 quintal during the month of January, 2023.

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