Maize prices increased by 2.2%, on an average, at Rs13,317/tonne last week, following slow arrivals, according to the US Grains Council. Prices are higher than last year by 16.3%. Corn prices have moved up, following slow local deliveries by farmers, and also on international cues. Demand has been pushing up prices upwards slightly. In Gujarat, maize was up by 1.19%, at Rs14,261/tonne; it was lower in Tamil Nadu by 1.11%, at Rs13,583/ tonne.
Gold prices declined on continued selling from stockists and investors on the back of subdued buying interest at the existing levels, despite positive overseas cues. Standard gold of 99.5% purity fell and was quoted at Rs30,445/10gm as of 17 January, while pure gold of 99.9% purity was priced at Rs30,585/10gm on the same date.
The quoted prices of ungraded cardamom, from the mandis of Vandanmettu and Bodinayakanur situated in Kerala and Tamil Nadu, respectively, fell 2.97% over the month of December from Rs795.22/kg to Rs773.27/kg. However, over the past one year, prices have firmed up from Rs501.70/kg—nearly 55% higher. The all-India mid-term estimated production for the growing period of 2012 was around 12,975 tonnes—25% higher than the estimates for 2011.