Maize prices fell by Rs 21 to Rs 1,341.50 per quintal in futures trade today as traders preferred to off-load their positions in tandem with weak domestic markets cues.
Traders said weak demand from bio-products making industries along with increased stocks in physical markets, mainly put pressure on maize future prices.
At the National Commodity and Derivatives Exchange, maize price for June delivery declined by Rs 21, or 1.54%, to Rs 1,341.50 per quintal, with an open interest of 5,150 lots.
Maize for delivery in May went down by Rs 10.50, or 0.80%, to Rs 1,309.50 per quintal, with an open interest of 20,400 lots.
Similarly, prices for delivery in April eased marginally by 50 paise, or 0.04%, to Rs 1,229 per quintal, showing an open interest of 8,140 lots.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app