Maize Settled Flat Tracking Weakness

Maize settled flat tracking weakness in spot demand and weak overseas prices amid harvesting of a record U.S. crop. According to the first advance estimate of food grain production, India is set to produce 19.1 million tons of maize this year as against 15.2 million tons produced in 2015. Pinning their hopes on the timely onset of North-East monsoon, farmers in the rainfed blocks of the district have taken up maize cultivation. Farming activity has been brisk in a cluster of villages in Pullampadi, Mannachanallur, Thuraiyur, Uppliyapuram, Musiri and Thottiyam blocks in Tiruchi district. Farmers said that they had raised a hybrid variety which fetches attractive returns every year.

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