Maize prices improved by Rs 4 or 0.43 per cent to Rs 932 per quintal in futures trade today, as traders enlarged their positions at lower levels guided by firm physical market sentiment.
Marketmen said fresh buying and restricted supply in spot markets encouraged traders to raise their holdings in futures trade.
Better demand from bio-fuel manufacturing companies also helped to boost the trading sentiment, they added. At the National Commodity and Derivatives Exchange, maize prices for July contract delivery improved by Rs 4 or 0.43 per cent to Rs 932 per quintal, with an open interest of 9,190 lots.
June-month contract delivery for maize prices too moved up in line with general trend and quoted higher by Re one or 0.11 per cent to Rs 916 per quintal, with an open interest of 13,060 lots.