India maize prices remain stable on subdued demand.

Maize prices in the country remained stable with a downward trend during last week due to subdued demand and end-users waiting for the new crop. India maize prices remain stable and on a downward trend as the end-users wait for the new crop and the demand is also subdued. Monsoon has also entered the last phase and overall the rains have been just about normal and deficit at 3%. However, in the corn belt there has been less rains with a possibility of productivity loss due to moisture stress.