Maize prices drifted lower by Rs 25 to Rs 1,193 per quintal in futures trade today as investors offloaded holdings in line with weakening physical trend.
Market players said participants were minimizing their holdings in the wake of lower physical market sentiments, which led to the fall in maize futures prices.
In the spot market, scarcity of the demand in the poultry feed making industries at existing levels kept prices lower, they quoted.
At the National Commodity and Derivatives Exchange counter, maize delivery in June contracts declined by Rs 25, or 2.05 per cent, to Rs 1,193 per quintal with a business turnover of 2,350 open lots.
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