Maize Ends Higher On Rise In Demand

Maize prices closed higher by 1.07 per cent on Monday 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 May 2016 contract closed at Rs. 1,223 per quintal, up by 1.07 per cent, after opening at Rs. 1,210 against the previous closing price of Rs. 1,210. 

It touched the intra-day high of Rs. 1,234 Commodity markets were closed on April 19, 2016 on account of Mahavir Jayanti. 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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