maize.jpg
The spot prices of maize were up by noon on Wednesday. It was quoting at Rs 1,335 a quintal, a gain of Rs 7.
Domestic and export demand pulled up prices for the commodity.
In the domestic market, demand from starch makers and, particularly, the poultry feed sector applied pressure on prices.
With soyameal prices rallying along with soya oil and soyabean, the poultry feed sector was in the market seeking alternatives for poultry feed.
Globally, the grain complex was rallying on fears the drought in the US would affect the corn and wheat crop there.
Indian corn saw good export demand from both Indonesia and Vietnam.
More Like This
Published on July 18, 2012
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.