Maize On NCDEX Settled Up By 0.69% At 1595

Maize on NCDEX settled up by 0.69% at 1595 as traders are holding their stock in expectation of better margin ahead. Punjab government has urged farmers to cultivate maize instead of the water-guzzling paddy. The state is providing subsidy on maize seed at the rate of Rs 84 per kilogram. A spokesperson of the agriculture department said the move is aimed at pulling the debt-ridden peasantry of the state out of the vicious cycle of wheat-paddy cultivation.

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