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Performance

Highlights

* Maize prices rallied around 8% monthly amid El Niño concerns and global shipping disruptions.

* Kharif maize sowing reached 55.97 lakh hectares by July 10, down 20% year-on-year.

* India's 20% ethanol blending target consumes 15-20% of domestic maize production, tightening market supplies.

* Uttar Pradesh began maize procurement at Rs 2,400 per quintal from June 15, 2026.

* Union Cabinet approved 2026-27 maize MSP at Rs 2,410 per quintal, strengthening farmer price support.

* Yellow maize exports surged 1,045% year-on-year to 1,96,160 tonnes during May 2026.

* January-July 2026 maize arrivals reached 81.52 lakh tonnes, increasing over 69% from last year.

* Andhra Pradesh and Telangana recorded all-time high Rabi maize acreage, boosting domestic production prospects.

* Government's sugarcane ethanol policy relaxation reduced near-term maize demand for ethanol blending purposes.

* China's 2026-27 corn production is forecast at a record 306-307 million tonnes.

* US 2025-26 corn harvest reached a record 16.8 billion bushels, expanding global supply availability.

* USDA expects India's maize exports to reach 2.4 million tonnes during 2025-26 marketing year.

* GC forecasts global corn production declining 2% to 1.3 billion tonnes in 2026-27.

* USDA projects global corn output falling 17.3 million tonnes to 1.295 billion tonnes.

* Global corn ending stocks are forecast at 277.5 million tonnes, lowest since 2013-14.

* Third Advance Estimates placed India's 2025-26 maize production at a record 55.093 million tonnes.

* Argentina's corn production was revised upward to a record 64 million tonnes amid higher acreage.

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