EPIC RESEARCH NCDEX MAIZE UPDATE OF 5 JANUARY 2017

Maize trading range for the day is 1436-1460. Maize settled flat tracking weakness in spot demand amid profit booking. In India, maize has been sown in around 13.14 lakh hectares which is higher than 12.27 lakh hectare. NCDEX accredited warehouses maize stocks gained by 154 tonnes to 9668 tonnes. In Nizamabad maize spot prices dropped -18.15 rupees to 1420 rupees per 100kgs.

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