Maize prices rose by Rs 8 or 0.80 per cent to Rs 1,003 per quintal in futures trade today after traders enlarged their positions guided by firm physical market sentiment.
Marketmen said increased buying and restricted supply in spot markets, directed traders to raise their holdings. Better demand from cattle-feed makers also boosted the trading sentiment, they added.
At the National Commodity and Derivatives Exchange, maize prices for September contract delivery improved by Rs 8 or 0.80 per cent to Rs 1,003 per quintal, with an open interest of 1,020 lots.
Current June-month contract delivery for maize too moved up in line with general trend and traded higher by Rs 3.50 or 0.36 per cent to Rs 986 per quintal, with an open interest of 12,570 lots.
