India maize up as demand firm.

Prices of maize rose across key spot markets today as demand from end users such as starch makers and poultry feed producers was strong. However, a marginal rise in arrivals limited the rise in prices. In Nizamabad, Telangana, arrivals are at over 90 tn compared with 85 tn on previous day. In Sangli, Maharashtra, arrivals were at 1,093 tn against 955 tn on previous day. Demand from bulk buyers was strong as they are piling up stocks in anticipation of rise in maize prices in the long term as the kharif crop is seen smaller than usual. Market participants see the kharif maize crop at 16.1 mln tn against the government's estimate of 19.9 mln tn. A likely rise in arrivals in the coming days may cap rise in prices.

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