Maize prices up 1% on low levels buying
Marketmen said fresh buying at existing lower levels by traders brought the upsurge in futures prices
 "Maize prices up 1% on low levels buying")
Maize prices looked up by Rs 15 to Rs 1,391 per quintal in futures trade today following fresh buying support at prevailing lower levels.
Marketmen said fresh buying at existing lower levels by traders mainly brought the upsurge in futures prices.
However, reports of bumper crops in maize growing regions on favourable monsoon rains somewhat capped the gains, they said.
Most active near November contract gained by Rs.6, or 0.48% to Rs.1,257 per quintal, having an open interest of 32,590 lots.
Marketmen said fresh buying at existing lower levels by traders mainly brought the upsurge in futures prices.
However, reports of bumper crops in maize growing regions on favourable monsoon rains somewhat capped the gains, they said.
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At the National Commodity and Derivative Exchange, maize for current October contract resumed higher by Rs.15, or 1.09% to Rs.1,391 per quintal, with an open interest of 6,450 lots.
Most active near November contract gained by Rs.6, or 0.48% to Rs.1,257 per quintal, having an open interest of 32,590 lots.