Maize: outlook is not bearish -16 May, 2016

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The stock of maize has almost finished in Rajasthan, MP and Maharastra. Consequently, the competitive buying has also increased in the north east markets of Bihar. Seeing this, the outlook is not bearish. Now, the loading of maize is being done at Rs 1200 / 1210 due to decline the arrivals by about 30% in the producing markets. So, the market may see an uptrend in the coming days.

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