Thursday 28 July 2016

EPIC RESEARCH NCDEX MAIZE UPDATE OF 28 JULY 2016

Maize trading range for the day is 1559-1611. Maize prices ended with losses tracking weakness in spot demand and overseas prices. India has asked a government-backed trader to import an extra half a million tonnes of duty-free, non-GMO corn to keep a lid on prices. At Khanna market in Punjab estimated market supply was at 5250 Quintal, down by 750 Quintal from previous trading day. In Nizamabad maize spot prices dropped -13.8 rupees to 1727.85 rupees per 100kgs.    
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