Maize prices flared up by Rs 38 to Rs 1,313 per quintal in future trading today after participants enlarged positions, triggered by a firm trend at the domestic spot markets.
In futures trading at the National Commodity and Derivatives Exchange, maize delivery for current May month contract climbed Rs 38, or 2.98 per cent, to Rs 1,313 per quintal, with an open interest of 5,300 lots.
On similar lines, delivery in June month contracts shot up by Rs 18, or 1.36 per cent to Rs 1,340 per quintal, in an open interest of 22,480 lots.
Marketmen attributed rise in maize futures to a firm trend at the spot markets supported by strong demand from poultries amid restricted arrivals from growing regions.
