Maize prices sharpened by 2.38 per cent to Rs 1,247 per quintal in futures trade today as traders raised bets in line with robust spot market sentiment.
Market players said speculators were raising their holdings on the back of strong demand in the spot markets for poultry feed makers, which brought the rise in maize futures prices.
At the National Commodity and Derivatives Exchange, maize delivery for the most active August contract improved by Rs 29, or 2.38 per cent, to Rs 1,247 per quintal with an open interest of 8,280 lots.
Similarly, the delivery of the July contract rose by Rs 25, or 2.11 per cent, to Rs 1,211 per quintal with a business turnover of 7,160 open lots.
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