Spot demand lifts maize futures; up over 2%

Maize prices strengthened by Rs 29 to Rs 1,300 per quintal in future trading today as traders were seen widening their positions, taking firm cues form spot markets.
Marketmen said pick up in industrial demand along with restricted arrivals in the spot markets, mainly attributed the gain in prices.
At the National Commodity and Derivatives Exchange, maize prices for the delivery this month contract improved by Rs 29, or 2.28 per cent to Rs 1,300 per quintal, having an open interest of 4,470 lots.
Near contract September month delivery also moved up by Rs 13, or 1 per cent to Rs 1,315 per quintal, with an open interest of 17,720 lots.