INSUBCONTINENT EXCLUSIVE:
Lower stock of maize, bajra and broken rice and higher demand of wheat and soya bean have increased the prices of these commodities in
Maize is up almost 25 per cent in a month while broken rice and wheat have gained 8 per cent in the past two months in the spot market
Grains prices also have an impact on both poultry and cattle feed
maize, bajra and broken rice, which we expect will continue till the new crop is harvested in October-November
Chicken is selling at ?200 a kg in retail while farmers are getting ?60-75 a kg, he said
Maize prices has increased by almost 25 per cent within one month to ?22 per kg, wheat and broken rice by 8 per cent to ?20 per kg and ?22
a kg in the past two months, bajra by 10 per cent in last two months to ?21 and soya bean de-oiled cake by 5 per cent to ?33 a kg in the
According to the industry, the ripple effect of shortage of maize, mainly because of drought, pest attacks and significant reduction in
cultivable areas last year across Maharashtra and Karnataka, continues
Desai, head of research at Edelweiss Agri Services and Credit.
The government move to permit import of 4,00,000 tonne of feed grade maize at
a concessional import duty of 15 per cent early this month and of over 1,00,000 tonne in June under advance licensing system has also not
helped in easing down the prices, said analysts