NEW DELHI, May 8: Maize rabi prices drifted lower by Rs 20 to Rs 1,302 per quintal in futures trading today after speculators shrank their holdings amid a weak trend at the physical markets on subdued demand.
Marketmen said trimming of positions by participants, tracking a weak trend at the spot markets on low demand from poultry feed makers, led to the fall in maize prices at futures trade.
At the National Commodity and Derivatives Exchange, maize for delivery this month dipped by Rs 20, or 1.51 per cent, to Rs 1,302 per quintal, in an open interest of 170 lots.
In a similar manner, maize for delivery for most-active June contracts fell by Rs 10, or 0.76 per cent, to Rs 1,310 per quintal, having an open interest of 8,220 lots. (PTI)
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