Maize prices traded lower by Rs 5 to Rs 1,190 per quintal in futures trade today on cutting down of exposure by the operators amid a weak trend at the physical market.
Marketmen said trimming of bets by participants, triggered by a weak trend at the spot markets due to slackened demand for poultry feed makers amid ample stocks in the spot markets on persistent supplies, pulled down maize at futures market here.
In futures trading at the National Commodity and Derivatives Exchange, maize for the most-traded, delivery in June looked down by Rs 5 or 0.42 per cent to Rs 1,190 per quintal, with the business turnover of 6,510 open lots.
Also, contract for delivery in July leaned down by Rs 3 or 0.25 per cent to Rs 1,219 per quintal, showing an open interest of 3,940 lots.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)