Maize
prices ended lower by 1.14 per cent on Wednesday at the National
Commodity & Derivatives Exchange Limited (NCDEX) as a result of
heavy selling activity by the traders on account of higher global
supplies and weak offtakes from the local buyers. At the NCDEX, maize
futures for June 2016 contract closed at Rs. 1,392 per quintal, down by
1.14 per cent, after opening at Rs. 1,409 against the previous closing
price of Rs. 1,408. It touched the intra-day low of Rs. 1,355. Sentiment
weakened further as a result of a decline in the demand for the
commodity from bio-fuel making industries tracking the weak global
markets. USA, China and Brazil are the top three maize producing
countries in the world while the prominent exporters of maize are USA,
Argentina and Brazil. Chief importers are Japan, EU, Malaysia, Taiwan,
Indonesia etc.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
Thursday, May 26, 2016
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5/26/2016 10:28:00 AM
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AGRI TIPS , Comex Gold Live Tips , commodity tips , Currency Derivates , EPIC RESEARCH , epicresearch.co , NCDEX tips , Option trading tips , Stock Tips
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