NCDEX shifts delivery centre for Nov onward maize contracts to Sangli.

The delivery center for maize contracts expiring in November and thereafter has been shifted to Sangli from Erode. As an additional delivery center earlier, Sangli received deposits of 12,350 tn of maize in 2015-16 and 6,100 tn in 2016-17. Sangli is also an important production center for the cereal, while Erode was mainly a consumption center. The November maize contract will be available for trading from Jul 2. Nizamabad and Jalgaon have been added as additional delivery centers to increase participation from farmer producer organisations.