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Maize futures drop on profit booking

Press Trust of India  |  New Delhi 

Maize prices drifted lower by Rs 45 to Rs 1,492 per quintal in futures trading today as traders offloaded their positions, tracking a weak trend at the physical markets.

At the National Commodity and Derivative Exchange, maize for delivery in current month contracts dipped by Rs 45 or 2.93 per cent to Rs 1,492 per quintal, with an open interest of 1,350 lots.

Maize for most-active December month contracts delivery dropped by Rs 14 or 1.04 per cent to Rs 1,338 per quintal, having an open interest of 11,190 lots.

Marketmen said the fall in maize prices at futures trade was mostly due to profit-booking at current levels by participant s amid a weak trend at the spot markets.

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

First Published: Tue, October 18 2016. 12:48 IST