Maize prices spurt on brisk buying
At the National Commodity and Derivative Exchange, maize for most active July contract jumped up by Rs 41 to Rs 1,375 per quintal.
By PTI |
NEW DELHI: Maize prices rose by Rs 41 to Rs 1,375 per quintal in future trade on Wednesday on speculators' buying on the back of firm overseas and spot markets trend.
Marketmen said increased buying by traders in line with firm international and spot markets trend mainly pushed up future prices.
They said restricted supply and better offtake in spot markets also enthused the trading sentiments.
At the National Commodity and Derivative Exchange, maize for most active July contract jumped up by Rs 41, or 3.07 per cent to Rs 1,375 per quintal in open interest of 36,520 lots.
June contract also hardened by Rs 40, or 3.05 per cent to Rs 1,350 per quintal, clocking a business turnover of 21,280 lots.
Marketmen said increased buying by traders in line with firm international and spot markets trend mainly pushed up future prices.
They said restricted supply and better offtake in spot markets also enthused the trading sentiments.
At the National Commodity and Derivative Exchange, maize for most active July contract jumped up by Rs 41, or 3.07 per cent to Rs 1,375 per quintal in open interest of 36,520 lots.
June contract also hardened by Rs 40, or 3.05 per cent to Rs 1,350 per quintal, clocking a business turnover of 21,280 lots.
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