Maize prices slip over 1% on selling pressure
Emergence of profit-booking at higher levels affected the trade
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Maize prices fell by Rs 18 to Rs 1,333 per quintal in futures trade today on emergence of profit-booking at higher levels driven by weak overseas markets sentiment.
Marketmen said apart from profit-booking at higher levels, lower demand from bio-fuel making industries in overseas markets mainly put weight on prices.
At the National commodity and Derivatives Exchange (NCDEX), the August contract dropped by Rs.18, or 1.33%, to Rs.1,333 per quintal in 23,670 lots.
The June contract fell by Rs.17, or 1.32%, to Rs 1,268 per quintal in 21,180 lots.
Most active near July contract followed suit and weakened by Rs 16, or 1.22%, to Rs 1,296 per quintal in 32,510 lots.
Marketmen said apart from profit-booking at higher levels, lower demand from bio-fuel making industries in overseas markets mainly put weight on prices.
At the National commodity and Derivatives Exchange (NCDEX), the August contract dropped by Rs.18, or 1.33%, to Rs.1,333 per quintal in 23,670 lots.
The June contract fell by Rs.17, or 1.32%, to Rs 1,268 per quintal in 21,180 lots.
Most active near July contract followed suit and weakened by Rs 16, or 1.22%, to Rs 1,296 per quintal in 32,510 lots.
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First Published: May 27 2013 | 2:42 PM IST