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Maize rabi futures plunge on weak spot demand

Press Trust of India  |  New Delhi 

Maize rabi prices went down by Rs 39 to Rs 1,203 per quintal in futures trading today as participants reduced exposure amid muted trend at the physical markets.

Marketmen said weak demand and rising ready stocks on constant supplies in spot markets, mainly weighed down on the prices.

At the National Commodity and Derivatives Exchange, maize rabi for delivery this month slumped by Rs 39, or 3.14 per cent, to Rs 1,203 per quintal, with an open interest of 5,650 lots.

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

First Published: Mon, September 11 2017. 13:22 IST