Maize prices drifted lower by Rs 25 to Rs 1,193 per quintal in futures trade today as investors offloaded holdings in line with weakening physical trend.
Market players said participants were minimizing their holdings in the wake of lower physical market sentiments, which led to the fall in maize futures prices.
In the spot market, scarcity of the demand in the poultry feed making industries at existing levels kept prices lower, they quoted.
At the National Commodity and Derivatives Exchange counter, maize delivery in June contracts declined by Rs 25, or 2.05 per cent, to Rs 1,193 per quintal with a business turnover of 2,350 open lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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