EPIC RESEARCH NCDEX MAIZE UPDATE OF 05 MAY 2017

Maize trading range for the day is 1455-1515. Maize dropped tracking weakness in spot demand and overseas prices amid rise in supply. Brazilian corn production will fall back sharply from the record levels seen this year, as farmers switch sowings away from corn in response to lower prices. NCDEX accredited warehouses maize stocks gained by 31 tonnes to 1397 tonnes. In Nizamabad maize spot prices gained 0.55 Rupees to 1531 Rupees per 100kgs .

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