Maize On NCDEX Settled Up 1.39% At 1388

Maize on NCDEX settled up 1.39% at 1388 tracking firmness in spot demand and overseas prices. In Telangana, it has been sown in 5.85 lakh hectare which is higher than 4.22 lakh hectare covered during corresponding period last year. Maize Crop is at cob formation to harvesting stage. It is reported that traces of stem borer, blight and helicoverpa attacks in Nizamabad, Warangal and Karimnagar districts. India exported maize 4,519 MT for the month of Sept’16 against 8,337 MT for the month of August’ 16. Maize has been exported at an average FoB of $258.46/ MT. Indian maize is exported mainly to Nepal followed by Japan mainly through Raxul LCS followed by Mundra Sea. Maize cash markets traded mixed during the month of September’ 16 compared to last month but firm corresponding period of last year.

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