Friday, 12 February 2016
Maize Latest News Update By MarketMagnify
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Maize prices ended lower by 3.91 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers.
At the NCDEX, maize futures for February 2016 contract closed at Rs. 1,353 per quintal, down by 3.91 per cent, after opening at Rs. 1,399 against the previous closing price of Rs. 1,408.
It touched the intra-day low of Rs. 1,352. Sentiment weakened further as a result of a decline in the demand for the commodity from bio-fuel making industries tracking the weak global markets.