India Maize Market Remains Firm on Strong Industrial Demand and Record Exports

Indias maize market continues to maintain a firm tone, supported by weak arrivals, record-high exports, strong procurement from the starch and ethanol industries, and a slower pace of kharif sowing. Selling pressure remains limited, while buyers continue to make regular purchases to meet their requirements. The Maharashtra market remains the strongest, with premium-quality maize trading at ₹2,600�2,625 per quintal. Prices were reported at ₹2,510 in Mumbai, ₹2,480 in Malegaon, ₹2,520 in Sasra, ₹2,460 in Parbhani, and ₹2,460 per quintal in Nagpur. Robust industrial demand has kept buying active despite elevated price levels. Procurement by the starch and ethanol industries continues to provide strong support to the market. Purchase prices include ₹2,350 at Godavari Biorefineries (Kushi), ₹2,325 at Green Vision Ethanol, ₹2,370 at Tirupati Starch, ₹2,450 at Rocket Industries (Gokak), ₹2,375 at Shakti Bhog (Akkalkot), and ₹2,410�2,425 at Simran Agro. Other major buyers include Eco Ethanol at ₹2,175, Jairaj Ethanol at ₹2,215, Bihar Sharif at ₹2,175, Rudrapur Starch at ₹2,200, Panipat line at ₹2,375, and Kaithal at ₹2,400 per quintal. Physical markets also remained firm. Maize traded at ₹2,500�2,675 in Sangli, ₹2,350�2,370 in Gondar, ₹2,200 in Begusarai, ₹2,200�2,240 in Sasaram, ₹2,200�2,250 in Khargone, ₹2,400 in Erode, and ₹2,050�2,090 per quintal in Hapur. Rainfall in several regions restricted arrivals, providing additional support to prices. Market arrivals continue to remain below normal. Arrivals were approximately 8,000 quintals each in Purnia and Dangar Ganj, 3,000�4,000 quintals in Pirpainti, 5,000 quintals in Bulandshahr, 300�400 quintals in Hapur, 50�100 quintals in Khargone, and only 15 quintals in Begusarai. Limited supplies remain the primary factor supporting the market. The export outlook also remains highly positive. During the first five months of 2026, India�s maize exports reached 1.08 million tonnes, compared with just 0.229 million tonnes during the same period last year. Demand continues to remain strong from Nepal, Bangladesh, Vietnam, Sri Lanka, and Bhutan. Looking ahead, the Bihar line is expected to have strong support at ₹2,200�2,250 per quintal, immediate resistance at ₹2,350�2,400, and major resistance around ₹2,650�2,700 per quintal. Over the next 2�4 weeks, the progress of the monsoon, kharif sowing, industrial procurement, and export demand will be the key factors determining market direction. At present, the maize market is expected to remain stable to firm.

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