NEW DELHI, May 2: Maize prices were higher by Rs 10 to Rs 1,161 per quintal in futures trade as participants raised their bets, taking positive cues from the spot markets.
At the National Commodity and Derivatives Exchange, maize to be delivered in current month gained Rs 10 or 0.87 per cent to Rs 1,161 per quintal, with the business turnover of 2,400 open lots.
In a similar fashion, the most-traded contracts, June advanced by Rs 5 or 0.43 per cent to Rs 1,180 per quintal, revealing an open interest of 3,400 lots.
Marketmen said a firm trend at the spot markets following restricted arrivals from producing belts amid pick up in demand from feed makers in spot markets mainly led to the rise maize prices at futures trade. (PTI)
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