Maize rabi futures advance on upbeat cues

Maize rabi prices went up by Rs 14 to Rs 1,351 per quintal in futures trading today after participants accumulated fresh positions, thanks to rising tendency in physical markets.

At the National Commodity and Derivative Exchange, maize rabi, delivery for the most-active September hardened by Rs 24 or 1.05 per cent to Rs 1,351 per quintal, depicting an open interest of 11,040 lots.

The delivery for the immediate contract August advanced by Rs 8 or 0.61 per cent to Rs 1,320 per quintal, with the business turnover of 970 open lots.

According to marketmen, widening of positions at existing levels, taking positive cues form the spot markets on brisk demand, influenced maize prices at futures trade here.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)