Fairly subdued maize market activity is taking place, leading to lower prices in market yards. The reason is more so on the quality front wherein required quality cargo is not available and what is available is not of required specs hence trading lower. This has become the trend of the Maize trade this year. Destination prices continue to remain same with a weaker tone for the coming week. Levels are as below
Tamil Nadu :- Trucks 1560-1620,
Bangalore :- Trucks 1480-1500
Hyderabad :- trucks 1530-1570
Bihar :- 1450-1650 (Good Quality).
North :- 1540-1560
Sangli : -1475-1500
Port delivered prices continue to remain in range of 1520-1560 for vizag and other ports.
We have nothing to report on this front.
International Market :-
The reaction to USDA report by our US office attached herewith. The Jan report will be very crucial from trade point of view as usually December report is considered to be providing the same numbers by the USDA, cbot trading at 420 cents/bushel. SE Asia market still wants Indian corn though at discounted valuations.
Sensex and Nifty
Sensex and Nifty continued their upward march and closed at 46091 and 13513 respectively. Rupee closed at 73.78 versus previous close of 73.74, markets continue to trade sideways.