India maize up on low arrivals

• Prices of maize rose in key spot markets today due to a decline in arrivals amid a steady demand. •Arrivals were lower today as heavy rains across parts of Karnataka limited arrivals of the crop. •In Nizamabad, arrivals are pegged at 20,000 bags (1 bag = 100 kg), compared with 30,000 bags on Saturday. At Sangli, arrivals were 750 tn, compared with 855 tn. •Demand from bulk buyers is steady as the fresh crop arriving is still of poor quality due to high moisture content. •Prices are seen falling further in the coming days due to a likely rise in arrivals and weak bulk demand.

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