Maize prices remained in demand for the second straight day today by adding another profit of Rs 15 to Rs 1,175 per quintal in futures trade on expanding bets by the investors backed up by the emerging physical markets.
Market players mentioned the continuous uprise in maize futures prices to insufficient ready stocks amid restricted arrivals from producing belts, powered by brisk demand for poultry feed makers in the spot markets.
At the National Commodity and Derivatives Exchange counter, maize delivery for the April strengthened further by Rs 15 or 1.29 per cent to Rs 1,175 per quintal, with an open interest of 90 lots.
Similarly, the delivery of the most traded May gained by Rs 3 or 0.26 per cent to Rs 1,158 per quintal, depicting an open interest of 2,500 lots.
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