MAIZE MARKET IN INDIA
The maize market in India is experiencing a surge in demand, particularly from the poultry and starch industries, while ethanol production is also contributing to price increases. Farmers are facing higher costs, leading to calls for the removal of import duties on maize.
India is a significant maize producer, ranking fifth globally. It's the third largest cereal crop in India and a major food grain. The poultry and starch industries are major consumers of maize, followed by the ethanol sector.
Key aspects of the Indian maize market:
- Production and Consumption: Fifth globally, major cereal grain.
- Demand Drivers: Poultry, starch industries, and ethanol blending.
- Government Initiatives: Modernizing grain storage infrastructure, steel silos.