Maize On NCDEX Settled Up By 1.64% At 1674

Maize on NCDEX settled up by 1.64% at 1674 tracking firmness in spot demand and overseas prices. Large speculators cut their net long position in CBOT corn futures in the week to June 21, regulatory data released showed. As per IBIS data, India exported 5372 MT maize during the week ended 19th Jun’16 against 4500 MT previous week ending 12th Jun’16. Maize has been exported at an average FoB of $225.72/ MT. Indian maize is exported mainly to Malaysia followed by Nepal mainly through Kolkata Sea followed by Raxaul LCS.

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