World Perspectives
feed-grains soy-oilseeds wheat

Indian Subcontinent Regional Analysis

The market yard corn price in Bihar has been declining after the recent harvest there. Demand has also been low from the poultry sector as a result of the high bird mortality rate in southern India. However, prices will need to drop further if India hopes to export any corn in 2015/16. Farmers' Corn Prices Down as Futures Prices Move Up Following the recent harvest in the state of Bihar, the market yard corn price there has been declining. It has slumped to $161/MT from last week's $181/MT, a decrease of almost 11 percent. Spot corn prices at the NCDEX warehouse dropped only $2/MT. One of the reasons for the price decline is low demand from the poultry sector due to the high bird mortality rate in south India where approximately 7 million...

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