Maize Ends Higher As Demand Picks Up

Maize prices closed higher by 1.11 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At the NCDEX, maize futures for February 2016 contract closed at Rs. 1,370 per quintal, up by 1.11 per cent, after opening at Rs. 1,361 against the previous closing price of Rs. 1,355. It touched the intra-day high of Rs. 1,370. 

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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