Maize Market in India
In value terms, maize production surged to $ in estimated in export prices. Over the period under review, the total production indicated a noticeable increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2016 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.
In , the average maize yield in India amounted to kg per ha, standing approx. at the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The maize harvested area in India stood at ha in , approximately equating 2019. Over the period under review, the harvested area showed a relatively flat trend pattern.
The value of the maize market in India soared to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of % year-to-year. Maize consumption peaked at $ in 2012; however, from 2013 to , consumption failed to regain the momentum.