Maize prices hardened by Rs 13 to Rs 1,205 per quintal in futures trade today as traders increased their holdings, tracking a firming trend in the spot markets.
Marketmen said low supply and better offtake in physical markets, triggered by increased demand from bio-fuel making industries, mainly influenced the trading sentiment in maize futures here.
At the National Commodity and Derivatives Exchange, September delivery advanced by Rs 13, or 1.09%, to Rs 1,205 per quintal, clocking an open interest of 20,520 lots.
Near-November maize futures gained Rs 7.50, or 0.63%, to Rs.1,195.50 per quintal, with an open interest for 18,410 lots.
