Maize ends higher as demand picks up

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Maize prices closed higher by 0.7 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At the NCDEX, maize futures for July 2014 contract closed at Rs. 1,155 per quintal, up by 0.7 per cent, after opening at Rs. 1,142 against the previous closing price of Rs. 1,147. It touched the intra-day high of Rs. 1,166.

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

Story first published: Wednesday, July 2, 2014, 12:30 [IST]
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