Maize On NCDEX Settled Up By 0.88% At 1491

Maize on NCDEX settled up by 0.88% at 1491 tracking firmness in spot demand and overseas prices. As acreages under maize scale a new high this kharif season aided by ample rains, the prospects of a good harvest have turned brighter this year. However, the predictions of excess rains in September by the Met could possibly dent the output and quality of the produce. In Telangana, it has been sown in 5.63 lakh hectare as on 19th August’16 which is higher than 3.95 lakh hectare covered during corresponding period last year. It is reported that traces of steam boarer disease attacks in Nizamabad, Karimnagar and Mahboobnagar districts.

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