Maize Prices Rise on Higher Crude Oil Amid War Impact
18-Mar-2026 01:04 PM
Maize Prices Rise on Higher Crude Oil Amid War Impact
★ Rising crude oil prices driven by ongoing military tensions in West Asia are now impacting the maize market. In Gulabbagh mandi, maize prices have increased from ₹2500 per quintal on Saturday to ₹2570 per quintal today.
★ Disruptions in crude oil supply through the Strait of Hormuz have pushed global oil prices higher. Since maize is a key feedstock for ethanol production, higher crude prices are boosting demand for biofuels, thereby supporting maize prices.
★ As long as the conflict in West Asia continues, maize prices are likely to remain firm.
★ However, buyers are currently waiting for the arrival of the new rabi crop, expecting prices to ease once fresh supplies enter the market.