Maize prices fell by Rs 39 to Rs 1,064.50 per quintal in futures trade today as speculators offloaded their positions in tandem with weak domestic and global market cues.
Marketmen said weak demand from bio-product making industries overseas and adequate stock availability in the physical markets here mainly put pressure on futures price of maize.
At the National Commodity and Derivatives Exchange, September maize lost Rs 39, or 3.53%, to Rs 1,064.50 per quintal, with an open interest for 17,420 lots.
Likewise, mid-November contract declined by Rs.32, or 2.80%, to Rs 1,110 per quintal with an open interest for 14,750 lots.
