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Maize rabi goes up in futures trade on short-covering

Press Trust of India  |  New Delhi 

Maize rabi prices recovered by Rs 16 to Rs 1,382 per quintal in futures trading today as participants indulged in covering-up their short positions at prevailing levels amid a firm trend at the physical markets.

Marketmen players said apart from covering-up of pending short positions by speculators, a firm trend at the spot markets attributed the rise in maize prices at futures trade here.

At the National Commodity and Derivative Exchange, maize to be delivered in most-active August contracts improved by Rs 16 or 1.17 per cent to Rs 1,382 per quintal, having an open interest of 12,820 lots.

Maize for delivery in current month contracts also showed some strength and gained Rs 15 or 1.11 per cent to Rs 1,372 per quintal, open interest stood at 4,030 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 11 2017. 12:48 IST