EPIC RESEARCH NCDEX MAIZE UPDATE OF 12 JANUARY 2017

Maize trading range for the day is 1427-1451. Maize prices ended with losses as pressure seen from ample global supplies. The area under the rabi maize crop across the country was at 1.01 mln ha up 6.4% from a year ago, according to data released by the farm ministry. NCDEX accredited warehouses maize stocks gained by 550 tonnes to 9593 tonnes. In Nizamabad maize spot prices gained 3.6 rupees to 1463 rupees per 100kgs.

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