Mixed bag of prices in India
Maize prices have remained stable at Rs.7900 per Mt this week, bur have been higher than the last year prices by about 12.4%. The demand of maize is slow as the second episode of Bird Flu has been report in West Bengal in Malda District. This is likely to affect the demand of maize in the North Eastern Region. In the futures as well as the spot markets though the price of maize has slumped. In The futures market the prices slumped by 1.4% - 3.3% for Jan – Mar delivery. In the spot markets as well in Nizamabad, Karimnagar and davangere, the prices were down by 0.75%, 1.54% and 2.16% respectively over last week..
Pearl Millet (bajra) prices this week moved up over last week by about 3% and have been higher than last year by 12.6%. Against maize the pries are lower by 4%.
Sorghum (Jowar) prices have also increased by 3.4% this week at the market yard. Prices, however are lower than last year by 8.3%. Against maize the prices are higher by 12%.
Barley prices have moved at the market yard level by 7.1%, but the prices are lower than last year by 5.6%. In the spot market at Jaipur theprices slumped by 6% over last week.
Corn on CBOT closed higher this week against last week by almost 2% by March delivery ($149.83 per MT) and also up for May delivery by 1.38% ($153.57 per MT). Sever weather in US now would affect the deliveries, but the indicative values FOB US Gulf would be 4172/175 per MT.
While in India, the Sorghum prices have been ruling higher than the corn prices, in US though the price of Sorghum on US Gulf (FOB) is indicated lower than corn at $157/165 per MT as on last week, a discount of $4-10 per MT for January - April delivery as of last week. It may be noted that US produces zero tannin Sorghum, which is used at the same value as corn in poultry rations, Countries like Mexico and last year European farmers used Sorgjum in feeds without any problems.
Amit Sachdev
India Representative
U S Grains Council
bluecross303@gmail.com
Maize prices have remained stable at Rs.7900 per Mt this week, bur have been higher than the last year prices by about 12.4%. The demand of maize is slow as the second episode of Bird Flu has been report in West Bengal in Malda District. This is likely to affect the demand of maize in the North Eastern Region. In the futures as well as the spot markets though the price of maize has slumped. In The futures market the prices slumped by 1.4% - 3.3% for Jan – Mar delivery. In the spot markets as well in Nizamabad, Karimnagar and davangere, the prices were down by 0.75%, 1.54% and 2.16% respectively over last week..
Pearl Millet (bajra) prices this week moved up over last week by about 3% and have been higher than last year by 12.6%. Against maize the pries are lower by 4%.
Sorghum (Jowar) prices have also increased by 3.4% this week at the market yard. Prices, however are lower than last year by 8.3%. Against maize the prices are higher by 12%.
Barley prices have moved at the market yard level by 7.1%, but the prices are lower than last year by 5.6%. In the spot market at Jaipur theprices slumped by 6% over last week.
Corn on CBOT closed higher this week against last week by almost 2% by March delivery ($149.83 per MT) and also up for May delivery by 1.38% ($153.57 per MT). Sever weather in US now would affect the deliveries, but the indicative values FOB US Gulf would be 4172/175 per MT.
While in India, the Sorghum prices have been ruling higher than the corn prices, in US though the price of Sorghum on US Gulf (FOB) is indicated lower than corn at $157/165 per MT as on last week, a discount of $4-10 per MT for January - April delivery as of last week. It may be noted that US produces zero tannin Sorghum, which is used at the same value as corn in poultry rations, Countries like Mexico and last year European farmers used Sorgjum in feeds without any problems.
Amit Sachdev
India Representative
U S Grains Council
bluecross303@gmail.com
1 comment:
Dear Sir,
I am really thankful to you, because we are enable to review the market scenario of the maize, bajara and juwar. We are requesting here for to providing other database and reports of the Cattle Feed Grains.
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