Maize prices advanced by Rs 22 to Rs 1,375 per quintal in the future trading today, owing to speculative buying by traders on the back of firm spot market cues.
Market analysts said frantic buying in line with restricted supply and pick-up in demand in physical markets, influenced trading sentiments at futures market here.
Rising demand from bio-fuel making industries too pushed up trading sentiments.
At the National Commodity and Derivatives Exchange, maize for delivery in June rose by Rs 22, or 1.63%, to Rs 1,375 per quintal, with an open interest of 4,730 lots.
Maize for delivery in May gained Rs 16.50, or 1.24%, to Rs 1,342.50 per quintal, with an open interest of 17,620 lots.
Likewise, maize for delivery in April rose by Rs 14, or 1.10%, to Rs 1,281 per quintal, with an open interest of 12,950 lots.
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