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Maize futures ease on subdued physical cues

Marketmen said the downfall in maize futures prices was due to tepid demand for poultry feed makers amid mounting of stocks on persistent arrivals.


PTI Last Updated at 30 Jul 2018, 13:07 IST India
Maize futures ease on subdued physical cues
  • Maize prices fell by Rs 6 to Rs 1,310 per quintal in futures trade today due to minimisation of holdings by participants in tandem with discouraging sentiments at the spot markets. (Image Credit: Wikipedia)

Maize prices fell by Rs 6 to Rs 1,310 per quintal in futures trade today due to minimisation of holdings by participants in tandem with discouraging sentiments at the spot markets.

Marketmen said the downfall in maize futures prices was due to tepid demand for poultry feed makers amid mounting of stocks on persistent arrivals.

At the National Commodity and Derivatives Exchange, maize delivery for September eased by Rs 6, or 0.46 per cent, to Rs 1,310 per quintal, in an open interest of 2,730 lots.

The delivery for August also showed a marginal fall of Rs 3, or 0.23 per cent, to Rs 1,277 per quintal, with an open interest of 7,730 lots.

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


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