Maize prices added further profits of Rs 12 to Rs 1,233 per quintal in futures trade today as participants were interested to build up long positions influenced by upbeat physical sentiments.
Market players said brisk demand from poultry feed makers amid fall in arrivals in the spot markets inspired traders to raise their holdings, which drove the upward movements in maize futures prices for the second straight day.
At the National Commodity and Derivatives Exchange counter, maize delivery for July hardened by Rs 12 or 0.98 per cent to Rs 1,233 per quintal, open interest stood of 1,270 lots.
Also, the delivery for June remained higher by Rs 5 or 0.41 per cent to Rs 1,214 per quintal, depicting an open interest of 6,090 lots.
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