Agri Commodity Tips: Maize prices ended lower by 0.36 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the Investors on account of higher global supplies and weak off takes from the local traders. At the NCDEX, maize futures for September 2015 contract closed at Rs. 1,378 per quintal, down by 0.36 %, after starting at Rs. 1,383 against the last closing price of Rs. 1,383. It touched the intraday low of Rs. 1,378.
Sentiment weakened further as a result of a decline in the demand for the commodity from bio-fuel making industries tracking the weak national 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.
Sentiment weakened further as a result of a decline in the demand for the commodity from bio-fuel making industries tracking the weak national 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.
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