Maize strong despite ban

COMMODITY SPIKES

The Commission of Agricultural Costs and Prices (CACP) has made a recommendation to the government in this regard. "If MSP is increased, the base price of maize including various taxes will come around Rs 900-920 a quintal," said a trader who did not wish to be named. Market sources said the prices of maize are expected to firm up in the international market.

However, he ruled out any link with the global movement as exports from the country are banned till October 15. The near month futures on Ncdex opened strong last week and barring two bearish trading sessions, the market jumped to Rs 1,038 a quintal on Saturday against the previous week's close of Rs 974, up 6.57 per cent.