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Maize price strengthened by Rs 33 to Rs 1,498 per quintal in the futures trade today on speculators buying, guided by firm spot market cues.
Marketmen said restricted supply against pick up in demand in physical markets, mainly influenced the trading sentiments here in futures markets.
Rising demand from Bio-fuel making industries in overseas markets too pushed up trading sentiments.
At the National Commodity and Derivatives Exchange, maize price for far September contract rose by Rs 33 or 2.25% to Rs 1,498 per quintal, clocking an open interest of 3,430 lots.
August contract hardened by Rs 27, or 1.88% to Rs 1,465 per quintal, showing an open interest of 25,240 lots, while current June contract rose by Rs 19 or 1.41% to Rs 1,362 per quintal, having an open interest of 9,920 lots.
Most active July contract rose by Rs 17, or 1.21%, to Rs 1,425 per quintal in an open interest of 52,130 lots.
