Indian Corn – India Quotes Lower Corn Price
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Among the Corn-producing countries across the globe, India ranks in the 7th position. Globally, India ranks in the 4th position in terms of the total Corn growing area and produces 2% of the world’s total Corn production. Corn cultivation happens in two seasons – Kharif and Rabi. In Bihar, Corn is cultivated during the Rabi season. 83% of the Corn area under cultivation is grown during the Kharif season. Seasons of Corn Kharif are from June to July and August, and harvested in December.
In India, Corn is known as Makka and Bhutta. Corn production in India increased from 1.73 million MT in 1950-51 to 27.8 million MT by 2018-19. Irrigation facilities, usage of fertilizers, and usage of High Yielding Variety (HYV) seed contributed to the massive increase in Corn production in India. Corn grows well in temperatures ranging from 21°C to 27°C. Corn grows well in old alluvial soil. Corn can be produced on almost every soil type. It develops best on very much-drained soils. The best soil for Corn cultivation is deep dark silt loams. In semi-arid climates, the Corn crop cultivation can be done on deep soils (heavy texture). In sub-humid climates, Corn Harvesting is done in Sand Loam soils. It is the best soil for Corn cultivation.
In India, Corn is used for different purposes.
- 47% of the Corn produced in India is mainly used as poultry feed.
- 13% of the Corn produced in India is consumed as food and used as livestock feed.
- 12% of the Corn produced in India is used for industrial purposes.
- 14% of the Corn produced in India is used in the starch industry.
- 7% of the Corn is used as processed food.
- 6% of the Corn produced in India is exported.
As per the Economic Survey 2020-21, around 38% of India’s total Corn production is from 3 states in India. The top 3 Corn-producing states of India, as of 2020-21, are listed below:
- Karnataka – Karnataka contributed 16.45% of the total Corn production in India.
- Madhya Pradesh – Madhya Pradesh contributed 11.37% of the total Corn produced in India.
- Maharashtra – Maharashtra accounted for 10.91% of the total Corn produced in India.
Indian Corn Trade
Two traders said that feed millers in Asia are boosting Corn purchases from India as a severe drought reduced production in traditional supplier Argentina. Importers in Malaysia and Vietnam are booking around 200,000 tons of Indian Corn a month, they added. In terms of import, according to the AgFlow data, Brazil shipped 0.76 million tons of Corn to India last year, followed by Ukraine with 30,000 tons. Import volume totaled 173,500 tons in Jan-Feb 2023.
“The drought has reduced production in Argentina, and we have the ongoing issue with supplies from Ukraine due to the war,” one Kuala Lumpur-based trader said on the sidelines of a grains conference in Singapore. India offers competitive prices, so more interest is in buying Indian Corn. According to the Buenos Aires grains exchange, Argentina’s 2022/23 Corn production is estimated to drop to 41 million tons, compared with 44.5 million tons previously estimated.
Early frosts could further hurt the country’s already beleaguered soybean and Corn crops. Indian Corn is quoted around $310-$315 a ton, including cost and freight (C&F), to Southeast Asia, compared with South American Corn being offered around $330 a ton, traders said. India is expected to continue Corn shipments to Southeast Asia in the coming months amid ample supplies from crops in southern parts of the country, said one of the traders. “We are getting good supplies from Karnataka, Tamil Nadu, and Andhra Pradesh (states),” explained one India-based trader.
Other sources: ECONOMCTIMES INDIATIMES
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