EPIC RESEARCH NCDEX UPDATE OF MAIZE 1st FEBRUARY 2017

Maize trading range for the day is 1454-1486. Maize settled down tracking weakness in spot demand and overeas prices. In India, maize has been sown in around 15.96 lakh hectares as on 27th Januarynrsquo;17 which is higher than 14.49 lakh hectare covered during corresponding period last year. At Nizamabad market in Andhra Pradesh, estimated market supply was at 4000 Qtl, higher by 1000 Qtl as compared to previous day. In Nizamabad maize spot prices gained 3.35 Rupees to 1500 Rupees per 100kgs. 

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