Maize kharif futures up by Rs 16 per quintal

NEW DELHI: Maize prices were higher by Rs 16 in futures trading today with participants enlarging their positions amid a firm trend at the physical markets.

Marketmen said expanding of positions by participants, tracking a firm trend at the spot markets on robust demand from poultry feed makers, mainly supported the upside in maize prices in futures trade.

At the National Commodity and Derivative Exchange, maize kharif delivery for June contract bounced by Rs 16 or 1.12 per cent to Rs 1,450 per quintal, with the business turnover of 260 open lots.