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Maize prices fell by Rs 17 to Rs 1,398 per quintal in future trade today as speculators offloaded their positions on weak spot markets cues.
Marketmen said weak demand from bio-products making industries against increased stocks in physical markets mainly put pressure here on future price of maize.
Fresh supply of new crops into the markets too weighed on prices, they said.
At the National Commodity and Derivatives Exchange, maize price for most active near August contract declined by Rs 17, or 1.20%, to Rs 1,398 per quintal, having an open interest of 67,730 lots.
Current month July's contract prices fell by Rs 16, or 1.15% to Rs 1,373 per quintal, with an open interest of 1,800 lots.
