Comments
Maize prices plummeted by Rs 42 to Rs 1,113 per quintal in futures trading today on fresh selling by traders, guided by weak domestic and global markets sentiment.
Market analysts said bumper crops production estimates this year amid weak overseas markets’ cues had speculators reducing their positions.
At the National Commodity and Derivatives Exchange, maize for delivery in October dropped by Rs 42 or 3.64 per cent, to Rs 1,113 per quintal, clocking an open interest of 2,130 lots.
Likewise, prices for delivery in July tumbled by Rs 28 or 2.80 per cent to Rs 1,200.50 per quintal showing an open interest of 17,410 lots.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.