Maize prices closed higher by 1.19 per cent on Friday 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 April 2016 contract closed at Rs. 1,276 per quintal, up by 1.19 per cent, after opening at Rs. 1,257 against the previous closing price of Rs. 1,261. It touched the intra-day high of Rs. 1,288. Commodity markets were closed on March 7, 2016 on account of Mahashivratri.
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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Maize settled up tracking firmness in spot demand and overseas prices despite of amid plentiful supplies as estimated by Epic Research.For more Agri market news you can visit our blog.
ReplyDeleteIndian equities are likely to open lower on Thursday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and mixed trading across global markets.capitalstars
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