Maize remains down on selling pressure
Prices slipped due to off-loading of positions by participants
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Maize futures for April plunged Rs.31 or 2.39 % to Rs.1,264 per quintal in 23,980 lots.
At the National Commodity and Derivatives Exchange (NCDEX), the May contract fell by Rs.12, or 1.01% to Rs.1,180 per quintal in 18,460 lots.
Prices slipped due to off-loading of positions by participants largely in tandem with weakening trend overseas.
Besides, slackness in demand in spot markets also put pressure on maize prices at futures trade.
At the National Commodity and Derivatives Exchange (NCDEX), the May contract fell by Rs.12, or 1.01% to Rs.1,180 per quintal in 18,460 lots.
Prices slipped due to off-loading of positions by participants largely in tandem with weakening trend overseas.
Besides, slackness in demand in spot markets also put pressure on maize prices at futures trade.
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First Published: Apr 02 2013 | 3:05 PM IST