EPIC RESEARCH NCDEX UPDATE OF MAIZE 12 AUGUST 2016

Maize trading range for the day is 1478-1504.Maize prices dropped after traders minimised their holdings in view of weakness in physical market sentiments. In Davangere, stock of maize could be around 50,000 MT which was 1,00,000 MT during the corresponding period of last year. The IGC raised its forecast for the 2016/17 global corn production by 15 MMT to 1017 MMT compared to last projection. In Nizamabad maize spot prices gained 2.95 rupees to 1715.1 rupees per 100kgs.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co