EPIC RESEARCH NCDEX MAIZE UPDATE OF 11 April 2017

Maize trading range for the day is 1438-1494. Maize gained tracking firmness in spot demand despit of losses in overseas on expectations of further increases in South American production. USDA is scheduled to release its monthly supply-demand report, and the government to raise its estimates of corn crops in the Southern Hemisphere. NCDEX accredited warehouses maize stocks gained by 31 tonnes to 1609 tonnes. In Nizamabad maize spot prices gained 3.85 Rupees to 1480.5 Rupees per 100kgs.

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