EPIC RESEARCH NCDEX MAIZE UPDATE OF 11 MAY 2015

Maize trading range for the day is 1170-1200. Maize prices ended with gains on short covering after prices dropped on forecasts of record production in China.

China is expected to produce a record 232 million tonnes of corn in 2015/16, up 7.6 percent on year.

Global oversupply of corn has brought down global corn prices by about 27 per cent since April 2014 and is also affecting the domestic prices and exports.

In Nizamabad maize prices dropped -4.3 rupee to end at 1288.2 rupees per 100 kg.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co