India maize steady

Prices of maize in key spot markets were largely steady as arrivals tapered further amid weak demand at high prices. Arrivals are falling as stockists do not want to sell at low prices.

Arrivals are falling as stockists do not want to sell at low prices. In Nizamabad, arrivals fell to 400-450 bags (1 bag = 100 kg), about 100 bags. In Davangere, arrivals were pegged at 400-500 bags.

Rain in parts of Chhattisgarh; MP, Vidarbha to remain dry. During the last 24 hours, mostly dry weather has prevailed over Madhya Pradesh, Vidarbha and Chhattisgarh region.

However, southern parts of Chhattisgarh have received light rain and thundershower at isolated places due to the presence of an upper air trough. Presently, north-westerly winds are blowing over most parts of Central India, hence we expect, dry weather to continue until February 20.

Moreover, during daytime, bright sunshine will take over the entire region which will help major crops such as Rice, Wheat, Maize and Pulses to grow and nurture at a faster pace.