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Maize up Rs 20 in futures trade

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Press Trust of India New Delhi
Maize prices were higher by Rs 20 to Rs 1,634 per quintal in futures trading today after speculators enlarged positions rising spot demand and positive overseas cues.

At the National Commodity and Derivatives Exchange, maize for delivery in July contract rose by Rs 20, or 1.24 per cent to Rs 1,634 per quintal, with an open interest of 29,440 lots.

Also, maize for delivery in far-month August moved up by Rs 22, or 1.33 per cent to Rs.1,670 per quintal, open interest stood of 19,240 lots.

Marketmen attributed rise in maize prices at futures trade to pick up in demand at the domestic spot markets and positive cues from overseas markets.
 

Besides, tight supplies from growing regions too supported the upside, they added.

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First Published: Jun 23 2016 | 12:32 PM IST

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