Maize prices strengthened by Rs 19.50 to Rs 1,270 per quintal in the futures trading today following aggressive buying by traders.
Market analysts said apart from low level buying, firm spot markets trend mainly boosted the trading sentiments.
Strong demand from biofuel and cattle-feed making industries too influenced trading sentiments to some extent, they added.
At the National Commodity and Derivatives Exchange, maize for July delivery contract hardened by Rs 19.50, or 1.56% to Rs 1,270 per quintal, with an open interest of 1,850 lots.
The maize prices for delivery in June surged by Rs 15, or 1.24% to Rs 1,228 per quintal, having an open interest of 13,310 lots.
Similarly, its prices for delivery in May were quoted higher by Rs 10, or 0.84% to Rs 1,197 per quintal in 4,130 lots.
