Maize futures traded lower by Rs 10 to Rs 1,169 per quintal in futures trade today on offloading of holdings by traders in sync with a weak trend at the spot markets.
Marketmen said trimming of positions by traders, tracking a weak trend at the spot markets due to slackness in demand from poultry feed makers amid ample stocks on relentless supplies from producing belts, pulled down maize prices in futures trade here.
At the National Commodity and Derivatives Exchange, maize contracts for August eased by Rs 10, or 0.86 per cent, to Rs 1,169 per quintal with an open interest of 5,610 lots.
Also, the delivery for the July contracts edged lower by Rs 6, or 0.52 per cent, to Rs 1,142 per quintal with an open interest of 8,210 lots.
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