Stable maize, other prices move up
Maize prices were down this week by 3.7% over last week to Rs.7200 per MT at the market yerd. The prices were also lower than last year by 1%. Maize futures have remained stable though prices for July were down. Prices at different delivery points remained stable. One of the reasons attributed to the stable /lower prices is the bird flu episode in West Bengal and higher deliveries in Rabi producing areas. The exports continue and market reports indicate exports of 1.7 MMT and might cross 2.0 MMT.
Pearl Millet (Bajra) prices were up by about 4.1% over last week to Rs.7030 per MT and also 9.3% higher than last year. The prices are just about 2% lower than maize.
Sorghum (Jowar) prices also moved up by 4.7% this week to reach Rs.10000 per MT and were 12.5% higher than last year. The prices were also higher than maize by about 40%.
Barley prices remained stable at Rs.10050 per MT, but were 14.5% higher than last year. Future prices were down in wake of new arrival. SPOT price at Jaipur was quoted at Rs.11750 per MT.
Price of Corn on CBOT was $199.79 for May and $204.42 per MT for July. FOB prices (US Gulf) were ranging from $220 – 221 per MT.
Amit Sachdev
India Representative
U S Grains Council
bluecross303@gmail.com
Maize prices were down this week by 3.7% over last week to Rs.7200 per MT at the market yerd. The prices were also lower than last year by 1%. Maize futures have remained stable though prices for July were down. Prices at different delivery points remained stable. One of the reasons attributed to the stable /lower prices is the bird flu episode in West Bengal and higher deliveries in Rabi producing areas. The exports continue and market reports indicate exports of 1.7 MMT and might cross 2.0 MMT.
Pearl Millet (Bajra) prices were up by about 4.1% over last week to Rs.7030 per MT and also 9.3% higher than last year. The prices are just about 2% lower than maize.
Sorghum (Jowar) prices also moved up by 4.7% this week to reach Rs.10000 per MT and were 12.5% higher than last year. The prices were also higher than maize by about 40%.
Barley prices remained stable at Rs.10050 per MT, but were 14.5% higher than last year. Future prices were down in wake of new arrival. SPOT price at Jaipur was quoted at Rs.11750 per MT.
Price of Corn on CBOT was $199.79 for May and $204.42 per MT for July. FOB prices (US Gulf) were ranging from $220 – 221 per MT.
Amit Sachdev
India Representative
U S Grains Council
bluecross303@gmail.com
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