India corn futures seen lower on poor export demand

MUMBAI, Feb 24 (Reuters) - India corn futures may fall on Tuesday due to poor export demand, analysts said.

India has exported about 300,000 tonnes of corn so far in 2008/09 marketing year which began in October.

India exported about 3 million tonnes of the commodity in 2007/08.

Exports are being pinched by lower-priced offerings from competitors like the U.S and Brazil amid the demand slowdown in major economies, said a large trader.

The March contract NMZH9 on the National Commodity and Derivatives Exchange last ended at 825.5 rupees per 100 kg.

Source: http://in.reuters.com/