Maize On NCDEX Settled Down By -0.14% At 1411

Maize on NCDEX settled down by -0.14% at 1411 tracking weakness in spot demand amid increased arrivals from growing regions. The area under the rabi maize crop across the country was at 1.01 mln ha, up 6.4% from a year ago, according to data released by the farm ministry. A year ago, farmers had sown maize across 953,600 ha. The acreage this year is also sharply higher than the normal acreage of 693,900 ha for this period, based on the average of the last five years, the data showed. In Bihar, India's largest producer of rabi maize, the acreage was at 222,000 ha, down 3.5% from a year ago, according to the data. In Andhra Pradesh, the second-largest producer, the acreage was up 15.6% on year at 37,000 ha.

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