Corn down, Millet up
Maize prices moved lower than last week by about 1% (Rs.8161 per MT) at the market yard. Prices remained about 12% higher than last year. Delivered prices at consumption centers is ranging from Rs.8500 – 9600 per MT.
In the futures the prices have slumped by 2.3% against last week. Prices for Mar – Jun are ranging from Rs.8260 to Rs.8520 per MT. In the spot market too prices have slumped, specially in Davangere, where prices were reported at Rs.7900 per MT, about 6% lower than the Minimum Support Prices.
Pearl Millet (Bajra) prices have moved up this week by 1.1% at the market yard to Rs.8058 per MT. Prices are 17% higher than last year. Against maize, prices are lower by 1.3%. There would be areas in North India and western parts where it would be feasible to use the grain in layer rations at about 5-7% levels, where delivery prices of maize may be at high.
Sorghum (Jowar) prices moved down by 9% this week to Rs.9953 per MT. Against last year, prices are higher by just 2.1%. Against maize, prices are higher by 18%.
Prices of corn on CBOT were down by 3.5-4% per MT and were at $137.86 Mar; $141.33 May; $145.03 Jul; $148.65 Sept. Freight rates have also come down somewhat and PNW-Japan was at $20 per MT, while US Gulf – Japan was $39 per MT. Delivery of corn in Asia region would be close to $200 in May based on US Gulf Fob rates of $159 for Mar. US Gulf Fob values ranges from $161 for Apr to $164 for Jul.
Dairy industry on expansion
Farmers in Punjab, Maharashtra, Rajasthan, Chattisgarh, Tamil Nadu and Karnataka are making informed decisions about Good Management and Nutrition practices. Farmers are joining hands, organizing themselves and expanding. India is the largest producer of milk at 104 MMT as per GOI, but the average productivity is still low at just over 1000 liters/lactation.
The increase in milk prices, coupled with a need for a sustainable second household income other than agriculture have helped the farmers to decide in favor of dairy farming and selecting only good producing animals. Women Entrepreneurs in the above states are forming self help groups and banks are providing loans to buy animals, arrange housing etc for these animals. The Punjab Dairy Development Board is also providing a subsidy of Rs.150,000 (USD 3000) per beneficiary for the construction of shed as per the design finalized by the board.
Many a farmers in Punjab have segregated areas where maize for silage is grown specifically and high grain ration is fed. Many other farmers and women entrepreneurs are unable to realize the potential of the animals due to poor nutrition due to lack of information or resources.
Total Mixed Ration is a good way to enhance the nutrition of the animal and challenge the animal to produce more. A good TMR ration could contain a concentrate of protein sources (Soybean meal/Mustard cake/Corn Gluten) and energy sources (Maize/Molasses) and also the dry fodder (wheat straw) and greens (silage, hay, grasses etc). The total for protein and energy sources could range from 35 – 40%, while the dry and greens would be close to 60%.
Maize prices moved lower than last week by about 1% (Rs.8161 per MT) at the market yard. Prices remained about 12% higher than last year. Delivered prices at consumption centers is ranging from Rs.8500 – 9600 per MT.
In the futures the prices have slumped by 2.3% against last week. Prices for Mar – Jun are ranging from Rs.8260 to Rs.8520 per MT. In the spot market too prices have slumped, specially in Davangere, where prices were reported at Rs.7900 per MT, about 6% lower than the Minimum Support Prices.
Pearl Millet (Bajra) prices have moved up this week by 1.1% at the market yard to Rs.8058 per MT. Prices are 17% higher than last year. Against maize, prices are lower by 1.3%. There would be areas in North India and western parts where it would be feasible to use the grain in layer rations at about 5-7% levels, where delivery prices of maize may be at high.
Sorghum (Jowar) prices moved down by 9% this week to Rs.9953 per MT. Against last year, prices are higher by just 2.1%. Against maize, prices are higher by 18%.
Prices of corn on CBOT were down by 3.5-4% per MT and were at $137.86 Mar; $141.33 May; $145.03 Jul; $148.65 Sept. Freight rates have also come down somewhat and PNW-Japan was at $20 per MT, while US Gulf – Japan was $39 per MT. Delivery of corn in Asia region would be close to $200 in May based on US Gulf Fob rates of $159 for Mar. US Gulf Fob values ranges from $161 for Apr to $164 for Jul.
Dairy industry on expansion
Farmers in Punjab, Maharashtra, Rajasthan, Chattisgarh, Tamil Nadu and Karnataka are making informed decisions about Good Management and Nutrition practices. Farmers are joining hands, organizing themselves and expanding. India is the largest producer of milk at 104 MMT as per GOI, but the average productivity is still low at just over 1000 liters/lactation.
The increase in milk prices, coupled with a need for a sustainable second household income other than agriculture have helped the farmers to decide in favor of dairy farming and selecting only good producing animals. Women Entrepreneurs in the above states are forming self help groups and banks are providing loans to buy animals, arrange housing etc for these animals. The Punjab Dairy Development Board is also providing a subsidy of Rs.150,000 (USD 3000) per beneficiary for the construction of shed as per the design finalized by the board.
Many a farmers in Punjab have segregated areas where maize for silage is grown specifically and high grain ration is fed. Many other farmers and women entrepreneurs are unable to realize the potential of the animals due to poor nutrition due to lack of information or resources.
Total Mixed Ration is a good way to enhance the nutrition of the animal and challenge the animal to produce more. A good TMR ration could contain a concentrate of protein sources (Soybean meal/Mustard cake/Corn Gluten) and energy sources (Maize/Molasses) and also the dry fodder (wheat straw) and greens (silage, hay, grasses etc). The total for protein and energy sources could range from 35 – 40%, while the dry and greens would be close to 60%.
Amit Sachdev
India Representative
U S Grains Council
usgcindia@gmail.com
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