Maize prices declined by Rs 21 to Rs 1,193 per quintal in future trading today following selling by traders in tandem with lower global cues.
At the National Commodity and Derivatives Exchange, maize prices for April month contract plunged by Rs 21 or 1.73% to Rs 1,193 per quintal, having an open interest of 2,550 lots.
The May contract was down Rs 14, or 1.13% to Rs 1,225 per quintal, showing an open interest of 1,640 lots.
The most active March contract shed Rs 11.50 or 0.98% to Rs 1,165 per quintal, witnessing an open intrest of 14,200 lots.
Marketmen said fall in its prices at overseas markets put pressure here in future price of maize.
Slackness in demand from bio-fuel making industries also helped dampan the trading sentiments, they said.
