Maize prices fell by Rs 31 to Rs 1,150 per quintal in futures trade today as traders preffered to off-load positions in tandem with weak domestic markets cue.
Marketmen said weak demand from bio-products making industries against increased stocks positions in physical markets, mainly put pressure here on future price of maize.
At the National Commodity and Derivatives Exchange, maize price for far July month contract declined by Rs 31, or 2.62%, to Rs 1,150 per quintal, having an open interest of 4,150 lots.
The current May month contract went down by Rs 30, or 2.74%, to Rs 1,064 per quintal, with an open interest of 4,770 lots, while most active near contract June month slipped by Rs 28, or 2.45%, to Rs 1,116 per quintal, showing an open interest of 12,880 lots.