Maize On NCDEX Settled Down -0.28% At 1446

Maize on NCDEX settled down -0.28% at 1446 on profit booking amid expectations of large supplies. The U.S. Department of Agriculture reported export sales of U.S. corn in the latest week at 761,600 tonnes, below a range of trade expectations. Maize crops raised in 1.20 lakh acres in and around Kunnam and Veppanthattai taluks in Perambalur districthave failed to yield for want of sufficient water, forcing farmers to cut down the crops to use as fodder for their cattle. Various farmers' bodies have appealed to the state government to announce Rs 20,000 per acre compensation for crop loss. India exported 4005 MT maize during the week ended 26th November’16 against 3652 MT previous week ending 20th November’16.

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