The Hindu Business Line : ‘Maize prices up by 3.7% at Rs 9,300 a tonne’

NEW DELHI: Maize prices moved up by 3.7 per cent during last week compared to the week-ago period at an average of Rs 9,300 per tonne due to higher international prices, according to the US Grains Council.

“Corn went up in the market yard by 3.7 per cent to Rs 9,300 per tonne range. Prices are higher than last year by 15 per cent,” US Grains Council India Representative Amit Sachdev said.

He said, prices in Andhra Pradesh moved up by 0.73 per cent to Rs 8,600 per tonne while in Gujarat, Tamil Nadu and Uttar Pradesh prices went down by 1.13 per cent, 0.63 per cent and 8.3 per cent to Rs 9,950, Rs 8,600 and Rs 9,700 per tonne, respectively.

Maize prices remained stable in Karnataka and Maharashtra, he added. The overall rise in prices is mainly due to high international prices, he said.

However, maize moved lower in futures as well spot markets. In spot market maize ended lower than the week ago period with Karimnagar losing 2.48 per cent to Rs 9,360 per tonne, in Nizamabad it was down by 0.68 per cent at Rs 9,583 per tonne and in Davan gere it lost 0.2 per cent to Rs 9,350 per tonne.

In the international market of maize on the Chicago Board of Contract (CBOT) prices moved up by about 4 per cent as the harvest got delayed further due to blizzard conditions in corn belt. - PTI

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