Maize prices dropped by Rs 23 to Rs 1,147 per quintal in future trade today following increased selling by traders, guided by weak global cues.
Marketmen said traders indulged in off-loading their positions sparked by weak overseas sentiment.
Increased supply and reduced offtake in spot market also influenced the trading sentiment, they added.
At the National Commodity and Derivatives Exchange, January maize slipped by Rs 23, or 1.97% to Rs 1,147 per quintal, depicting an open interest of 560 lots.
Current contract October month also eased by Rs 14 or 1.29% to Rs 1,072.50 per quintal, showing an open interest of 22,990 lots.
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