Indian corn futures rose for a second day on Tuesday on continued buying by government agencies and on some renewed export demand from Bangladesh and Sri Lanka, analysts said. The Food Corp of India (FCI) and state-level agencies have been aggressively buying corn since last week to keep prices from falling below the state-set level of 840 rupees per 100 kg, traders and analysts said. Prices have been softening for the last three months as a fall in local demand due to a bird flu outbreak coincided with the global slowdown hitting exports, analysts said. Traders said some enquiries from Bangladeshi and Sri Lankan buyers were seen in major trading hubs of Andhra Pradesh and Karnataka. "Arrivals are not as strong," Amit Sachdev, India-based consultant to the US Grains Council, said in his recent report. He said spot corn prices are higher by 9.5 percent over last year. At 10:54 a.m, February corn futures contract NMZG9 on the National Commodity and Derivatives Exchange was at 848 rupees per 100 kg, up 0.47 percent. (Reporting by Sourav Mishra; editing by Sunil Nair)

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