Maize futures slide on muted spot demand

Image
Press Trust of India New Delhi
Last Updated : Dec 08 2016 | 12:07 PM IST
Maize prices drifted lower by Rs 6 to Rs 1,425 per quintal in futures trading today as traders reduced their exposure in-tandem with a weak trend at the physical markets on shrinking demand.
Marketmen said fall in demand from poultry feed makers in the physical markets mainly led to fall in prices in future trading.
At the National Commodity and Derivatives Exchange, maize for delivery in January shed Rs 6, or 0.42 per cent, to trade at Rs 1,425 per quintal, revealing an open interest of 17,810 lots.
While, December delivery lost Rs 5, or 0.36 per cent to Rs 1,400 per quintal, showing an open interest of 6,500 lots.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Dec 08 2016 | 12:07 PM IST

Next Story