Maize futures spurt 1.24 pc on spot demand

NEW DELHI, May 22: Maize prices traded higher by Rs 15 to Rs 1,221 per quintal in futures trade today on enlarging holdings, tracking strong physical cues.
Market players attributed uptick in maize futures to rising prices in the spot markets due to restricted supplies from  producing belts and heavy demand from poultry feed makers.
At the National Commodity and Derivatives Exchange platform, maize delivery for July looked up by Rs 15 or 1.24 per cent to Rs 1,221 per quintal, in an open interest of 910 lots.
In a similar manner, the maize delivery for the most active June edged up by Rs 8 or 0.67 per cent to Rs 1,204 per quintal, in a business turnover of 6,120 open lots. (PTI)


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