Don’t miss the latest developments in business and finance.

Maize futures up on strong spot demand

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:09 AM IST

Maize futures prices rose by Rs 13.50 to Rs 1,373.50 per quintal today as traders increased their holdings, tracking firm domestic market sentiments.

Traders said rising demand in physical markets due to short supply and rising demand from bio-fuel and cattle-feed making industries, pushed up maize futures prices.

Higher overseas advices also influenced trading sentiments to some extent, they added.

At the National Commodity and Derivatives Exchange, maize for delivery in August rose by Rs 13.50, or 0.99%, to Rs 1,373.50 per quintal, clocking an open interest of 620 lots.

The most active June contract gained Rs 9, or 0.69%, to Rs 1,317.50 per quintal, persisting an open interest of 12,290 lots.

Also Read

First Published: May 27 2011 | 1:40 PM IST

Next Story