NCDEX maize down 1% on weak demand from bulk buyers.

Maize futures on NCDEX ended nearly 1% lower due to weak demand from poultry industry and bulk buyers. Demand for maize is weak as most of the bulk buyers from poultry industry have already built their stocks and are not buying the grain now. However, overall sentiment for the grain should be positive as kharif crop in major producer Karnataka and Tamil Nadu is likely to be hit due to scarce monsoon rains.