Farmers are ecstatic as maize prices hit an all-time high, reflecting the inflamed global market and the ongoing conflict in the world's grain and fuel hub. Animal feed mills and a large sector in Bangladesh that relies on animal feeds and supplies crucial proteins are on the other side of the buoyancy. In the face of skyrocketing maize prices on both the global and domestic markets, millers and their agents are racing to make contracts with farmers far ahead of the harvest.
This grain is presently selling for USD 0.39-0.41 per kg on the domestic market, according to the Feed Association of Bangladesh (FIAB). According to the Department of Agriculture Extension (DAE), 0.48 million hectares of land were planted in maize this season, with good weather forecasting a big crop of 5.6 million MT and high returns for the peasantry.