Rains caused by cyclone Nilam in the first week of November have boosted maize prospects in Karnataka.
According to the Karnataka Agriculture Department, maize coverage for rabi is 1.06 lakh hectares. Coverage upto October 8 is 0.11 lakh hectares against normal coverage of 0.09 lakh hectares.
“With good prospect of the crop in the State, the prices are firm and are currently trading Rs 100 more than last year prices. Across the State, prices are at Rs 1,230-1,260 a quintal,” B.V. Gopal Reddy, Vice-President, Karnataka Maize Merchants’ Association, told Business Line.
This year, Bangalore has seen heavy arrivals and prices are also higher. Due to good demand from poultry feed makers, prices are ruling higher at Rs 1,360-1,380 . Reddy said, “The early sown maize is slowly entering the market in Bangalore. Poultry feed makers Suguna and Venkateshwara Hatcheries are the major buyers.”
The Domestic and Export Market Intelligence Cell (Demic) has advised the farmers to store and sell later in February/March period.
Sorgum (Jowar): According to DEMIC, sorghum is expected to trade between Rs 1,160 and Rs 1,280 in February. The price of jowar in Bellary market is currently trading at around Rs 1,259 a quintal.