Maize prices drifted lower by Rs 6 to Rs 1,425 per quintal in futures trading today as traders reduced their exposure in-tandem with a weak trend at the physical markets on shrinking demand.
Marketmen said fall in demand from poultry feed makers in the physical markets mainly led to fall in prices in future trading.
At the National Commodity and Derivatives Exchange, maize for delivery in January shed Rs 6, or 0.42 per cent, to trade at Rs 1,425 per quintal, revealing an open interest of 17,810 lots.
While, December delivery lost Rs 5, or 0.36 per cent to Rs 1,400 per quintal, showing an open interest of 6,500 lots.
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