Monday, March 28, 2016

EPIC RESEARCH NCDEX MAIZE UPDATE OF 28 MARCH 2016


Maize trading range for the day is 419-419.
Maize dropped tracking weakness in spot demand and overseas prices on ample world supply.
India canceled a tender to import 240,000 tonnes of corn, hoping for a bigger-than-expected local summer harvest.
At Nizamabad market in Andhra Pradesh estimated market supply was at 700 Qtl, lower by 100 Qtl as compared to previous day.
In Nizamabad maize prices remains unchanged at0 rupee to end at 1448.5 rupees per 100 kg.

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