Thursday, 29 October 2015

Maize ends higher on rise in industrial demand

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Maize prices closed higher by 0.48 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At the NCDEX, maize futures for November 2015 contract closed at Rs. 1,454 per quintal, up by 0.48 per cent, after opening at Rs. 1,452 against the previous closing price of Rs. 1,447. It touched the intra-day high of Rs. 1,455. USA, China and Brazil are the top three maize producing countries in the world while the prominent exporters of maize are USA, Argentina and Brazil. Chief importers are Japan, EU, Malaysia, Taiwan, Indonesia etc.

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