EPIC RESEARCH NCDEX MAIZE UPDATE OF 1 AUGUST 2016

Maize trading range for the day is 1510-1576.Maize prices dropped tracking weakness in spot demand and overseas prices pressured by ample existing supplies and largely favorable growing conditions.The IGC raised its forecast for the 2016/17 global corn production by 15 MMT to 1017 MMT compared to last projection. Forecast for global corn ending stock was also raised by 8 MMT to 213 MMT compared to last month and 6 MMT compared to last year. In Nizamabad maize spot prices dropped -8.6 rupees to 1725.15 rupees per 100kgs.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co