Maize prices came down by Rs 2 to Rs 1,150 per quintal in futures trade today as traders opted to offload holdings in line with pessimistic spot market trends.
Market players said tracking weak physical markets trend due to the withdrawal of support by the poultry feed makers amid mounting stocks on constant supplies, traders preferred to cut down bets, which described downfall in maize futures prices.
At the National Commodity and Derivatives Exchange counter, maize delivery for July came down by Rs 2 or 0.17 per cent to Rs 1,150 per quintal, with a business turnover of 8,340 open lots.
In a similar way, the delivery for August eased by Rs 1 or 0.09 per cent to Rs 1,173 per quintal, in an open interest of 6,080 lots.
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