Maize prices flared higher by Rs 25 to Rs 1,330 per quintal in futures trading today after traders expanded their positions, driven by emerging physical markets.
Market players stated the rise in maize prices in futures trading to strong demand from poultry feed makers amid restricted supplies from producing belts in spot markets.
At the National Commodity and Derivatives Exchange, maize delivery for the second contract May jumped up by Rs 25, or 1.92 per cent, to Rs 1,330 per quintal, with an open interest of 130 lots.
The most traded immediate contract April delivery looked up by Rs 14, or 0.99 per cent, to Rs 1,422 per quintal, with an open interest of 1,580 lots.
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