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Maize futures surge 1.27% on upbeat sentiments

Press Trust of India  |  New Delhi 

prices spurted by Rs 15 per in futures trade today after widening of positions by the speculators buoyed up rising trend in physical as well as overseas.

Market players attributed an up tick in prices to bolstering prices in spot markets on reducing stock due to tight supplies amid immense buying by stockist and poultry feed maker.

Apart from rising prices overseas too gave a push to the futures prices, they quoted.

At the National Commodity and Derivatives Exchange counter, maize delivery for the most active first contract May gained by Rs 15 or 1.27 per cent to Rs 1,196 per quintal, depicting an open interest of 3,120 lots.

The delivery of the second contract June month also moved up by Rs 11 or 0.93 per cent to Rs 1,200 per quintal, having an open interest of 840 lots.

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

First Published: Wed, April 11 2018. 15:30 IST