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Maize prices softened by Rs 5 to Rs 1,301 per quintal

Marketmen said traders preferred to cut down bets, guided by sluggish demand for poultry feed makers amid ample stocks on steady inflow of supplies from growing belts in spot markets, which dragged the maize prices down in futures trade.


PTI Last Updated at 03 Aug 2018, 13:08 IST India
Maize prices softened by Rs 5 to Rs 1,301 per quintal
  • Maize prices softened by Rs 5 to Rs 1,301 per quintal in futures trade today on liquidation of the holdings in tandem with easing physical markets stance. (Image Credit: Wikipedia)

Maize prices softened by Rs 5 to Rs 1,301 per quintal in futures trade today on liquidation of the holdings in tandem with easing physical markets stance.

Marketmen said traders preferred to cut down bets, guided by sluggish demand for poultry feed makers amid ample stocks on steady inflow of supplies from growing belts in spot markets, which dragged the maize prices down in futures trade.

At the National Commodity and Derivatives Exchange platform, maize delivery for September traded lower by Rs 5 or 0.38 percent to Rs 1,301 per quintal, in an open interest of 3,770 lots.

Similarly, the delivery of current August quoted lower by Rs 4 or 0.31 percent to Rs 1,271 per quintal, having an open interest of 6,380 lots.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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