Maize On NCDEX Settled Up By 0.28% At 1433



Maize on NCDEX settled up by 0.28% at 1433 tracking firmness in spot demand amid lower supply. In India, maize has been sown in around 12.21 lakh hectares as on now which is higher than 11.42 lakh hectare covered during corresponding period last year. In Maharashtra, it has been sown in around 2.07 lakh hectares which are higher than 1.997 lakh hectare covered during corresponding period last year. Overall maize cash markets traded down during the month of November’ 16 compared to last month and corresponding period of last year. Due to cash crunch in the market, farmers are bringing less stock in the market as traders are not able to pay the farmers.

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