Commodities

Maize declines on weak global cues

PTI New Delhi | Updated on June 23, 2011

Market analysts said fall in maize prices at the international markets mainly influenced the trading sentiments here.

Maize prices declined by Rs 19.50 to Rs 1,291 per quintal in futures trade today following increased selling by traders in line with the weak overseas markets cue.

Market analysts said fall in maize prices at the international markets mainly influenced the trading sentiments here.

Lower domestic markets sentiment and reduced offtake by bio-fuel making industries also led to the decline in the prices, they added.

At the National Commodity and Derivatives Exchange, maize prices for delivery in August went down by Rs 19.50 or 1.49 per cent to Rs 1,291 per quintal, with an open interest of 9,210 lots.

Prices for delivery in July also shed Rs 17.50 or 1.37 per cent to Rs 1,262.50 per quintal with an open interest of 16,660 lots.

Published on June 23, 2011

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