Maize On NCDEX Settled Down -0.45% At 1561

Maize on NCDEX settled down -0.45% at 1561 tracking weakness in spot demand and overseas prices. Central Government has decided to import maize to check prices and hoarding of the important coarse grain, in the wake of fall in domestic production of the crop. Commerce ministry has tweeted that to check prices and prevent hoarding, Commerce and Industry Minister Nirmala Sitharaman has approved importing 5,00,000 MT of maize under Tariff Rate Quota by a state trading enterprise.

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