Maize futures dip on selling pressure

 

NEW DELHI, Sept 13: Maize prices softened by Rs 33 to Rs 1,313 per quintal in futures trade today following selling pressure in line with weak physical markets sentiment.

Marketmen said increased selling by traders in line with arrivals of new crops amid reduced offtake in physical markets mainly led the fall in futures prices.

Lower trend in overseas markets also dampened the trading sentiments, they said.

At the National Commodity and Derivatives Exchange, maize prices for September contract fell by Rs 33, or 2.45 per cent, to Rs 1,313 per quintal, with an open interest of 1,630 lots. (PTI)

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