Maize prices closed higher by 1.26 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 March 2016 contract closed at Rs. 1,447 per quintal, up by 1.26 per cent, after opening at Rs. 1,444 against the previous closing price of Rs. 1,429.
It touched the intra-day high of Rs. 1,451. 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.
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Epic Research recommends Maize prices ended with gains tracking firmness in spot demand and overseas prices. Our experts give brilliant trading ideas.
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