Sunday, 15 June 2014

Capital stroke NCDEX Update : MAIZE 16 June 2014



Maize trading range for the day is 1091-1119.
Maize ended with gains on the heels of strong export demand coupled with possibility of delay in new kharif crop sowing.
Moreover, forecasting of weak monsoon rainfall has also supported the prices in local mandies.
The market sources suggested that weak rainfall will limit the sowing of maize in northern part of the country.

NCDEX accredited warehouses maize stocks dropped by 102 tonnes to 19232 tonnes.

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