Maize up on demand, poor crop cues

According to commodity analysts, close to 0.8-0.9 million tonnes of maize has already been exported in the last six months.  Marketmen said the figure could touch 2 million tonnes. South-east Asian countries are the main export markets, including Bangladesh and Sri Lanka.  In the physical markets, prices are ruling at Rs 755 a quintal. This would hit as high as Rs 900 a quintal, said commodity analysts.  On the futures front, Rs 882 a quintal level is seen as good resistance. If it is surpassed, the next resistance is seen at Rs 910 a quintal. Market experts hinted that Rs 950 a quintal was within reach in a fortnight from now.  Demand from the poultry industry has also increased since the bird flu in West Bengal has subsided. Starch manufacturers have started procurement, which would only intensify in the days to come.