Maize prices advanced by Rs 8 to Rs 1,339 per quintal in futures trade today on accumulation of holdings by the participants propelled by firm physical sentiments.
Marketmen said, a firm trend in the spot markets, where prices ruled higher in tune with strong demand from poultry feed makers along with the thin position of stocks led to the rise in maize futures prices.
At the National Commodity and Derivatives Exchange, maize for September moved up by Rs 8, or 0.60 per cent, to Rs 1,339 per quintal having business turnover in 7,060 open lots.
However, delivery for October advanced by Rs 5, or 0.37 per cent, to Rs 1,365 per quintal, open interest stood at 880 lots.
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