New Delhi, March 12 (CommoditiesControl): Maize prices demonstrated a steady to slightly weak trend in various major mandis as buyers adopted a cautious approach in anticipation of the new crop. The presence of stockists liquidating their holdings has contributed to a relatively comfortable supply situation.
In Southern India, particularly Telangana and Andhra, the commencement of small new maize arrivals exerted pressure on market sentiments. Meanwhile, in the northern regions, including UP and Bihar, buyers exhibited reluctance to purchase at higher rates in anticipation of the upcoming Bihar crop.
Bihar witnessed a marginal weakening of maize prices, experiencing a dip of Rs 10-15 per quintal and settling in the range of Rs 2400-2425 per quintal. This movement is attributed to stockists liquidating their stocks, while cautious buyers await developments in the new crop.
Karnataka also reported a slight weakness in maize prices, with a decrease of Rs 10-15 per quintal. The market sentiment faced pressure from the onset of small new arrivals from Telangana and Andhra. Buyers in this region are currently less active in purchasing, anticipating an increase in supplies from the new crop in Telangana and Andhra in the coming weeks.
Unless there are weather-related disturbances, Bihar maize prices are expected to trade within a steady to weak range in the near term.
0 Comments 
Post Comment 
