The production of maize is likely to go up by 19 per cent to touch 20 million tonnes in 2010-11 crop year on higher acreage and improved yield, Karvy Comtrade said in a report.
"Production in 2010-11 is expected to touch 20 million tonnes on higher acreage and improved yield," the brokerage firm said.
India's maize production had declined to 16.8 million tonnes in the 2009-10 crop year (July-June), from 19.73 million tonnes in the previous year on account of drought last year that hit almost half of the country.
However, Karvy noted that the price of maize is unlikely to come down as a result of strong demand and limited supply in the spot market.
"Strong demand from starch industry and poultry feed manufacturers has been supporting the spot prices. Limited supply in the spot market and strong demand is pushing the spot prices," it said.
