October 17, 2017

MTECHTIPS

MTECHTIPS:Maize prices may trade on negative bias

Mtechtips has come out with its report on Maize.According to the research firm, Maize prices are expected to trade on a negative note due to subdued poultry and industrial demand in the spot front due to high moisture content (18-19%) of the crop.Maize: Maize prices are expected to trade on a negative note due to subdued poultry and industrial demand in the spot front due to high moisture content (18-19%) of the crop. The accepted range is only 13% which would substantially increase the drying cost. Hence, buyers are restraining from buying in bulk quantities. Overall trend is positive supported by lower kharif production estimates.

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