The Hindu Business Line : Maize remains steady at Rs 9,100 per tonne

NEW DELHI: Maize prices remained stable during last week averaging at around Rs 9,100 per tonne with the arrival of crop beginning in almost all the regions, according to the US Grains Council.

“The prices were stable at the market yard at Rs 9,100 per tonne range,” said US Grains Council India Representative Mr Amit Sachdev. Arrivals have started in almost all areas and prices are reported to be higher in all states except in Uttar Pradesh, wh ere they declined by 1.3 per cent to Rs 9,150 per tonne.

In Andhra Pradesh, the prices moved up by 0.3 per cent to Rs 8,400 per tonne, in Gujarat by 4.4 per cent to Rs 10,000 per tonne, in Karnataka by 2.6 per cent to Rs 8,650 per tonne, in Rajasthan by 2.3 per cent to Rs 9,430 per tonne and in Tamil Nadu by 8 .2 per cent to Rs 9,088 per tonne.

The average price of maize was higher by 11.3 per cent than last year. On NCDEX the futures prices moved up by 3-5 per cent, which is substantial in the harvest time, Mr Sachdev said. At the same time in the spot markets it remained more or less stable w ith Nizamabad at Rs 9,045 per tonne, in Karimnagar at Rs 8,813 per tonne and in Davangere at Rs 8,665 per tonne.

Corn prices in the US moved up due to wet weather conditions. Prices are up by almost $10 per tonne on Chicago Board of Contract (CBOT). - PTI

Prev: Top 3 commodity bourses H1 turnover up by 30%
Next: ‘Economy unlikely to return to high growth till 2011-12’

Business Line | NUS Index |

Copyright copy; 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line