Maize On NCDEX Settled Up By 0.76% At 1595



Maize on NCDEX settled up by 0.76% at 1595 tracking firmness in spot demand amid short covering and on demand from consuming industries. In A.P, maize is likely to trade steady in the near term. In Nizamabad; stock of maize could be around 7000 MT which was 5000 MT last year. Area of maize is likely to increase due to shift from Soybean. In India, maize has been sown in around 68.26 lakh hectares as on 22nd Julynrsquo;16 which is higher than 62.61 lakh hectare covered during corresponding period last year. It is expected that maize sown area will increase due to favourable weather conditions

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