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Maize futures bounce 2.38% on brisk spot demand

Press Trust of India  |  New Delhi 

prices sharpened by 2.38 per cent to Rs 1,247 per in futures trade today as traders raised bets in line with robust spot

Market players said speculators were raising their holdings on the back of strong demand in the spot markets for poultry feed makers, which brought the rise in futures prices.

At the National Commodity and Derivatives Exchange, delivery for the most active August contract improved by Rs 29, or 2.38 per cent, to Rs 1,247 per with an open interest of 8,280 lots.

Similarly, the delivery of the July contract rose by Rs 25, or 2.11 per cent, to Rs 1,211 per with a business turnover of 7,160 open lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 09 2018. 12:50 IST