Last Updated : March 22, 2010 14:15
Maize range bound, no fresh fundamentals to trigger
Maize futures on Indian commodity exchanges traded on range bound levels during yesterday. The March NCDEX futures traded in the range of 881 to 883 levels and ended the session at 882.5 levels
Outlook:
Maize futures are expected to continue with their range bound trade as there no fresh fundamental triggers as of now
New crop arrivals have started hitting the markets in Nizamabad markets, and the crop quality is good, thus some demand from the poultry and starch industry is expected
The spot prices of old crop are hovering around Rs 830 per quintal where as the new crop is fetching Rs 840 to 850 per quintal
Demand from the poultry industry is not so good at present as the they have enough stocks from the previous crop
Courtesy: Kedia Commodities
World events analysis and how they affect Markets
MCX Mentha Oil 29 February 2012
contract was trading at
Rs 1306.9 , up Rs. 10.1 . What's your view on it?
