Maize prices strengthened by Rs 35.50 to Rs 1,208 per quintal in futures trade today owing to speculative buying by traders, guided by firm spot market cues.
Marketmen said heavy buying in line with restricted supply and pick up in demand in physical markets, influenced trading sentiments here in future markets.
At the National Commodity and Derivatives Exchange, maize for far contract January month shot up by Rs 35.50, or 3.03% to Rs 1,208 per quintal clocking an open interest of 290 lots.
Most active near October month contract flared up by Rs 29, or 2.60% to Rs 1,146 per quintal in an open interest of 17,750 lots, while current September contract surged by Rs 23, or 2.07% to Rs 1,133 per quintal, having an open interest of 9,200 lots.