spot_img

Maize prices to rule above MSP, says TNAU 

Date:

Share:

[ad_1]

Maize prices are likely to rule above the minimum support price, according to the TN-IAM Project-funded Price Forecasting Scheme of the Centre for Agricultural and Rural Development Studies, Tamil Nadu Agricultural University, Coimbatore.

The farm gate price of good quality maize during harvest (December 23), will be ₹2,200-2,300 per quintal, which is higher than the MSP of ₹2,090 a quintal fixed by the Centre for the 2023-24 crop year. It urged the farmers to take up “appropriate marketing decisions”.

The Price Forecasting Scheme analysed maize prices that prevailed in the Udumalpet agricultural produce marketing committee (APMC) yard market over the past 27 years. 

India produced 34 million tonnes of maize from 10 million hectares in 2023-24 with the productivity being 3.43 tonnes/hectare. Major maize-producing states are Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, West Bengal, Rajasthan and Bihar. 

India exported 0.50 million tonnes of maize in 2023-24. Major buyers were Nepal, Bangladesh, Myanmar, Pakistan and Bhutan.

In Tamil Nadu, maize was cultivated on 0.4 million hectares with production being 2.99 million tonnes in 2022-23. Major maize-growing districts are Salem, Dindigul, Namakkal, Pudukottai, Tiruppur, Villupuram, Perambalur and Ariyalur.

An increase in the domestic price of maize reduced the competitiveness in the global market. According to a USDA report, the stock position and domestic consumption of maize in India is 2.2 million tonnes and 31.2 million tonnes, respectively, for 2023-24.



[ad_2]

Source link

━ more like this

China Sanctions: China sanctions US firm Kharon, provider of research on Xinjiang

BEIJING: China's foreign ministry said it had sanctioned Kharon, a US firm founded by former treasury department officials that provides data to companies...

Bry-Air Conducts the 13th Biannual Eye Camp to Support Underprivileged People Suffering from Eye-Related Problems

Bry-Air Conducts the 13th Biannual Eye Camp to Support Underprivileged People Suffering from Eye-Related Problems Staying true to its commitment to enhancing lives through CSR...

Ukraine: Ukraine claims destruction of major Russian navy vessel in Crimea

Ukraine's air force said on Tuesday that it had destroyed a major Russia landing ship stationed in the Crimean waters, after the Russian-installed...

Mavericks’ Luka Doncic reaches 10,000-point career milestone

Mavericks star Luka Doncic reached 10,000 career points during the first quarter of Dallas’ road game against the Phoenix Suns. Doncic reached 10,000...

Indonesia nickel plant explosion death toll rises to 18

JAKARTA: The death toll after an explosion at a Chinese-funded nickel-processing plant in eastern Indonesia over the weekend has risen to 18 with...