Maize futures up by Rs 20 per quintal

NEW DELHI: Maize price firmed up by Rs 20 to Rs 1,270 per quintal in futures trading today after participants raised their bets amid a firming trend at the domestic spot markets and positive global cues.

Marketmen said apart from rising demand from starch makers and poultry feed sector, restricted arrivals from growing regions in spot markets, mainly attributed the rise in maize futures prices.

Moreover,a firming trend in global markets too buoyed trading sentiments to some extent here, they added.

At the National Commodity and Derivatives Exchange counter, maize for delivery in far-month June month contract improved by Rs 20, or 1.60 per cent to Rs 1,270 per quintal, with an open interest of 4,250 lots.

Also, delivery in May month contract also edged up by Rs 17, or 1.37 per cent to Rs 1,257 per quintal, in an open interest of 6,550 lots.