Maize futures up by Rs 18 per quintal

Maize prices were trading higher by Rs 18 to Rs 1,436 per quintal in futures trade today as speculators raised holdings on firming trend at the physical markets on pick up in demand from poultry feed makers.
According to marketmen, the rise in maize prices in futures trade was mostly attributed to widening of positions by the participants, tracking a firm trend at the spot markets.
Besides, thin supplies from growing regions influenced maize prices at futures trade here, they added.
At the National Commodity and Derivatives Exchange counter, maize for most-traded, delivery in May advanced by Rs 18, or 1.27 per cent, to Rs 1,436 per quintal, with an open interest of 1,020 lots.

Maize for delivery in June also edged higher by Rs 11, or 0.74 per cent, to Rs 1,491 per quintal, having an open interest of 230 lots.