Maize On NCDEX Settled Up By 0.3% At 1340

Maize on NCDEX settled up by 0.3% at 1340 tracking firmness in spot demand and overseas prices amid slow U.S. harvest. The USDA said the U.S. corn harvest was 46 percent completed, behind the five-year average of 49 percent and lagging trade expectations. As per IBIS data, India exported 363.2 MT maize during the week ended 16th October’16 against 1153 MT previous week ending 8th October’16. Maize has been exported at an average FoB of $ 301.80 / MT. Indian maize is exported mainly to UAE and Malaysia through Mundra Sea followed by JNPT Sea.

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