EPIC RESEARCH NCDEX MAIZE UPDATE OF 9 JANUARY 2017

Maize trading range for the day is 1443-1455. Maize prices ended with flat node tracking weakness in spot demand amid rise in supply. In India, maize has been sown in around 13.95 lakh hectares as on 6th January’ 17 which is higher than 12.87 lakh hectare NCDEX accredited warehouses maize stocks dropped by 551 tonnes to 9066 tonnes. In Nizamabad maize spot prices gained 2 rupees to 1447.5 rupees per 100kgs.

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