Agri Commodity Tips: Maize prices ended lower by 0.9 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling task by the traders 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. 1,425 per quintal, down by 0.9 per cent, after opening at Rs. 1,445 against the previous closing price of Rs. 1,438. It touched the intra-day low of Rs. 1,417.
Sentiment weakened further as a result of a decline in the demand for the commodity from bio-fuel making industries tracing the weak national markets.
USA, China and Brazil are the top three maize producing countries in the world while the important dealers 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 tracing the weak national markets.
USA, China and Brazil are the top three maize producing countries in the world while the important dealers of maize are USA, Argentina and Brazil. Chief importers are Japan, EU, Malaysia, Taiwan, Indonesia etc.
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