#Origoemandi #MaizeSupplyDemandAnalysisandPriceOutlook #Commodityinsights
Maize Chhindwara prices traded lower by 1.55% over the previous day at Rs. 2219 per quintal.
CBOT Maize May futures trading lower by 4.09% over the previous day at 727 US cents/bushel.
Bright hopes to end the war between Russia-Ukraine through diplomatic talks is keeping the volatility of the prices alive.
Poultry producers’ margins would shrink in 2022 amid higher raw material costs.
Prices of soymeal and maize soared by around 20.5% and 25% from year-to-date.
Spike in wheat and maize prices are boosting broken rice demand in animal feed across Asia.
China is expected to import about 3 MMT of broken rice Vs 2 MMT annually in the past two years.
This would certainly increase broken rice export demand from India in 2022.
Maize rake movement during Mar 1 to 15 was 1.37 Lakh MT, 30% lower m-o-m.
India maize exports during the ongoing 2021-22 would cross 3 MMT.
Argentina’s new crop corn sales jumped sharply by 68% w-o-w at 1.15 MMT.
Coceral increased its estimate for EU corn production in 2022 by 1.4% to 67.2 MMT.
Spain relaxes restrictions to allow corn imports from Argentina & Brazil
World maize production for 2021/22 increased by 0.8 MMT to 1206 MMT.
World maize exports for 2021/22 reduced by 3.76 MMT to 200 MMT.
Exports were cut mainly from Ukraine by 6 MMT while increased from the United States by 1.9 MMT
World maize end stocks for 2021/22 reduced by 1.25 MMT to 300.9 MMT.
Maize prices would trade sideways to firm unless closes below TRP – 2181.
CBOT Maize prices to trade bullish towards 767 US cents/bushel unless closes below TRP – 675.
To buy or sell commodities please visit our website - www.origoemandi.com
Download Android App - [ Ссылка ]
Download IOS App - [ Ссылка ]
