Maize down as govt ups output estimate.

Most components of the grain basket on domestic exchanges, except maize, were steady in trade. According to the government third advance estimate, India rabi maize output in 2016-17 is expected to be 6.97 million tonne, slightly higher than 6.89 million tonne estimated earlier. The country had produced 6.51 million tonne rabi maize in 2015-16. The June maize contract on the NCDEX traded down around 1% from previous close. Higher arrivals of maize due to peak season in Bihar, a major producing state, also weighed on the sentiment. The coarse grain sold in Purnea largely unchanged from previous close.