Ncdex tips - Maize ends higher on need from consumers as on 14 July, 2015

Ncdex tips - Maize prices ended  higher by 0.33 % on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the requirment from exporters and poultry industries. At the NCDEX, maize futures for  this July 2015 contract closed at Rs. 1,221 per quintal, up by 0.33 % , after opening at Rs. 1,222 against the previous closing price of Rs. 1,217. It touched the intra-day high of Rs. 1,230.

China, USA and Brazil are the most top three maize producing countries in the world while the prominent exporters of maize are USA,   Brazil and Argentina. Chief importers are EU, Japan, Taiwan, Malaysia, Indonesia etc.