MUMBAI (Commodity Online): Maize futures in NCDEX traded higher on Saturday morning on the back of firm demand from the poultry industries.
In NCDEX Maize August contract opened in the morning session at Rs.1580 per quintal up by 0.25% against the previous close. Open interest of the same stood at 32930 lots so far.
Physical markets were stable at most places as buyers adopted a wait and watch policy. 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.
Stockists were actively buying and holding stocks as prices continued to soar.