Spot demand lifts maize futures by Rs 32
New Delhi, Jun 13: Maize prices rose by Rs 32 to Rs 1,458 per quintal in futures trading today as participants widened their bets, tracking a firm trend at the spot markets on strong demand.
At the National Commodity and Derivative Exchange, maize for delivery this month spurted by Rs 32 or 2.24 per cent to Rs 1,458 per quintal in an open interest of 7,850 lots.
On similar lines, the most-active delivery in July contracts surged by Rs 28 or 1.90 per cent to Rs 1,500 per quintal, with an open interest of 28,780 lots. Marketmen attributed the rise in maize prices in futures trade to enlarging of positions by speculators, triggered by a firm trend at the spot markets on rising demand from poultries feed and starch makers.