Maize prices dropped by Rs 44 to Rs 1,448 per quintal in futures trading today as traders were seen liquidating their positions in line with weak physical markets.
Marketmen said a weak trend at the physical market on persistent arrivals from growing regions amid lower demand, mainly weighed on the prices.
At the National Commodity and Derivatives Exchange, maize delivery for current month dipped by Rs 44 or 2.95 per cent to Rs 1,448 per quintal, clocking an open interest of 1,230 lots.
Also, most-active near delivery in November eased by Rs 2 or 0.15 per cent to Rs 1,334 per quintal, having an open interest of 8,980 lots.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)