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India corn futures seen up on export; barley seen down

Thu May 15, 2008 9:40am IST
 
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MUMBAI, May 15 (Reuters) - Indian corn futures are likely open higher on Thursday on export demand, analysts said.

June futures NMZM8 ended down 0.44 percent to 786.5 rupees per 100 kg on the National Commodity & Derivatives Exchange (NCDEX) in the previous session.

However, arrival pressure of the winter crop may limit gains during the day, analysts said.

BARLEY:

Indian barley futures are likely to trade lower on arrival pressure, analysts said.

The most active June futures NBLM8 fell 0.30 percent to 1,167.8 rupees per 100 kg on the NCDEX, in the previous session.

(Reporting by Sourav Mishra; Editing by Ramya Venugopal)

 
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