Maize prices dropped tracking weakness in spot demand and overseas prices after U.S. government reports showed brisk planting progress.
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.
According to USDA data, the ending stocks for 2014-15 trade year is estimated to rise 10.3 per cent to 188.45 million tonnes.
In Nizamabad maize prices gained 4.4 rupee to end at 1290.4 rupees per 100 kg.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
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