Strong Demand, Ethanol Consumption and Export Support Build Firm Bullish Foundation in Maize Market
The maize (corn) market is showing signs of building a strong upward foundation, supported by multiple fundamental drivers. Rising demand from the ethanol industry at the global level, stronger export activity, and consistent buying from the feed sector are collectively providing solid support to prices. In the United States, ethanol production reached a record 16.4 billion gallons during 2025, while ethanol exports stood at 2.2 billion gallons in the same period. This has significantly increased corn consumption and strengthened overall demand. In India, around 6.15 billion litres of ethanol were supplied between November 2025 and May 2026, with nearly 66% of production derived from maize, rice, and other grains. This has further reinforced domestic demand for corn in the country. On the domestic procurement side, active buying is being observed across several centers. In Maharashtra, Baramati Agro Center, Sangli, Krishna Kumbh, Supa, and Premium Chick Mumbai are actively purchasing maize in the range of ₹2,360 to ₹2,450 per quintal. In Bihar, prices in Gulabbagh Purnia Mandi are reported at ₹2,120–₹2,160 per quintal for premium quality maize, while medium-grade maize is trading between ₹2,000 and ₹2,100 per quintal. At Mansi Rack Point and Badalghat Rack Point, prices are also hovering around ₹2,000 per quintal. In international trade developments, the United States has made a fresh sale of approximately 285,000 tonnes of corn to Mexico. Meanwhile, demand remains steady from Japan, China, and Mexico. Although prices have declined in Ukraine, and despite fluctuations in supply conditions, demand from the feed industry in Europe continues to provide balance to the global market. Overall, even with strong production and adequate availability, the absence of any major downside indicates a firm underlying structure in the corn market. According to Jagriti Agro SMS Service, short-term volatility may persist, but as long as demand from the ethanol and feed sectors remains active, the market is expected to maintain a bullish bias. Farmers and traders are advised to avoid panic selling during dips and closely monitor market movements.