Maize On NCDEX Settled Down By -1.75% At 1568

Maize on NCDEX settled down by -1.75% at 1568 amid expectation of import of maize in near term. With increasing price in domestic cash market, Government may allow corn import once again to curb the firm trend in the market. However, it may be conditional like non GM corn. There is still uncertainty over availability of non-gm crop in global market. At Khanna market in Punjab arrivals were reported at 4500 Quintal, higher by 4500 Quintal as against previous day. At Naugachia market in Bihar sources reported arrivals at 3333 Quintal, steady as against previous day’s arrival.

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