Maize prices went down by Rs 6 to Rs 1,178 per quintal in futures trade today as participants were interested to book profits at prevailing levels depressed by falling prices in physical markets.
Market players attributed the downtick to sliding prices at the spot markets on ample stocks on steady inflow of supplies from producing belts.
At the National Commodity and Derivatives Exchange, maize for delivery in June receded by Rs 6 or 0.51 per cent to Rs 1,178 per quintal, with an open interest of 4,430 lots.
In a similar way, the delivery for May softened by Rs 4 or 0.34 per cent to Rs 1,160 per quintal with an open interest of 1,700 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
