Maize futures fall Rs 16 per quintal

Maize futures traded lower by Rs 16 to Rs 1,315 per quintal today following cutting down of positions by operators, triggered by a weak trend at the physical markets.
Marketmen said a weak trend at the spot markets due to sluggish demand from poultry feed makers against increased arrivals, mainly led to fall in maize prices in futures trade here.
At the National Commodity and Derivative Exchange, maize for delivery in July was trading lower by Rs 16 or 1.20 per cent to Rs 1,315 per quintal, in an open interest of 5,580 lots.
Maize for most-active delivery in current month too lost Rs 10 or 0.76 per cent to Rs 1,305 per quintal, with an open interest of 8,800 lots.