EPIC RESEARCH NCDEX MAIZE UPDATE OF 4 JANUARY 2017

Maize trading range for the day is 1428-1464. Maize settled down tracking weakness in spot demand amid profit booking. In Maharashtra, it has been sown in around 1.91 lakh hectares which are higher than 1.79 lakh hectare covered during corresponding period last year. NCDEX accredited warehouses maize stocks gained by 206 tonnes to 9514 tonnes. In Nizamabad maize spot prices gained 2.5 rupees to 1438.15 rupees per 100kgs.

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