Maize prices rose marginally by 0.3% to Rs 10,677 per tonne this week, a US Grains Council (USGC) report has said.
Maize prices were ruling at Rs 10,645 per tonne last week, according to the USGC report. However, on an annual basis, the prices this week are 15% higher than the price in the year-ago period.
The average price in April 2011 was Rs 10,676 per tonne, an increase of 17.72% as compared to the average price in April 2010.
Prices of maize went up in Uttar Pradesh by 4.87% to Rs 10,946 per tonne, in Andhra Pradesh by 1.27% to Rs 10,500 per tonne, by 0.81% to Rs 11,192 per tonne in Gujarat and by 0.42% to Rs 11,156 in Karnataka.
However, maize prices fell in Maharashtra by 4.2% to Rs 11,430 per tonne and by 0.29% to Rs 11,383 per tonne in Rajasthan. Maize prices in Tamil Nadu were stable at Rs 11,621 per tonne.
In the spot markets, prices of maize were up in Nizamabad to Rs 12,895 per tonne, in Davangere it went up by 1.21% to Rs 12,212 per tonne and in Karimnagar they were higher by 0.41% to Rs 12,833 per tonne.