MUMBAI (Commodity Online): Maize futures in NCDEX traded higher on Friday on extended buying by the traders due to steady physical demand.
In NCDEX Maize August contract traded in the evening session at Rs.1567 per quintal, higher by 1.75% and open interest of the same stood at 32210 lots for the time being.
Consumers have been buying only to suffice immediate requirements. There were apprehensions of maize export being banned from India due to pressure from domestic poultry and starch industries.
International markets were on fire as US drought threatened a lower corn output. Stockists were actively buying and holding stocks as prices continued to soar.