Maize rabi prices advanced by Rs 13 to Rs 1,305 per quintal in futures market today after speculators accumulated positions in line with a firm trend at the physical markets.
Marketmen said the rise in maize rabi prices in futures trading was due to strong demand at the spot markets amid restricted supplies.
At the National Commodity and Derivatives Exchange, maize rabi for August delivery rose by Rs 13, or 1.01 per cent, to Rs 1,305 per quintal, clocking an open interest of 11,280 lots.
Maize for delivery in September also inched up by Rs 2, or 0.15 per cent, to Rs 1,303 per quintal,in an open interest of 3,720 lots.
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