Tight global supplies to continue driving India’s maize exports till May
Maize (corn) exports from India are expected to go on till May with global supplies projected to be tight this year and demand continuing from Malaysia and Vietnam.
The Food and Agriculture Organization (FAO), a UN arm, and the US Department of Agriculture have both projected that the ending stocks this marketing season (July 2020-June 2021) would be lower compared with last year. Both agencies have, however, raised the ending stocks in their reports this month on higher production estimates.
The FAO’s Agricultural Marketing Information System (AMIS), in its report for this month, said maize ending stocks will be 275.7 million tonnes (mt) against 301.7 mt. The ending stocks size for this season has been raised by two mt from last year.
Tight global supplies to continue driving India’s maize exports till May
March 11, 2021
Maize (corn) exports from India are expected to go on till May with global supplies projected to be tight this year and demand continuing from Malaysia and Vietnam.
The Food and Agriculture Organization (FAO), a UN arm, and the US Department of Agriculture have both projected that the ending stocks this marketing season (July 2020-June 2021) would be lower compared with last year. Both agencies have, however, raised the ending stocks in their reports this month on higher production estimates.
The FAO’s Agricultural Marketing Information System (AMIS), in its report for this month, said maize ending stocks will be 275.7 million tonnes (mt) against 301.7 mt. The ending stocks size for this season has been raised by two mt from last year.
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Onion Exports Face Woes In Wooing Back Importers, Higher Domestic Price
by M R Subramani - Feb 10, 2021 10:37 AM
A file picture of onions kept ready for auction at Gondal Agricultural Produce Marketing Committee Yard in Gujarat.
Snapshot
According to the Kolkata-based Directorate-General of Commercial Intelligence and Statistics, India exported 13.17 lakh tonnes of onion between April and October this fiscal before the ban was imposed.
Onion shipments from India are facing problems after the Union government lifted the ban on exports from 1 January this year, first in wooing back importers and now due to rising domestic prices.
The Union government banned onion exports in September last year after the vegetableâs retail prices began to surge. In the second week of October, the rates topped Rs 100 a kg in retail outlets.
Global maize price spike holds domestic rate stable despite bird flu impact on poultry sector
At least 11 States have been affected by the bird flu outbreak in India leading to culling of thousands of poultry birds. The outbreak has affected consumption of poultry products such as egg and meat to some extent.
Representative image | Source: Unsplash
A nearly eight percent rise in maize prices in the global market since the beginning of 2021 has helped domestic prices stabilise despite the poultry industry, the primary consuming sector, being hit by avian influenza outbreak across India.
According to Trading Economics website, maize (corn) prices have increased to 520.25 US cents a bushel year-to-date. The commodity’s rise month-on-month is 18.30 percent.