Last Updated : January 03, 2012 16:51
NCDEX maize jumps 3.88% on thin supply
MUMBAI (Commodity Online):Maize futures rose Tuesday on thin supply in the physical markets along with firm spot demand.
In NCDEX Maize January contract is trading at Rs.1285 per quintal, higher by 3.88 per cent on 16:45 IST against the previous close.
In the morning session the contract traded at a range of Rs.1231-1274.50 per quintal. Open interest of the contract is 10360 lots and volume traded is 12560 lots for the time being.
Strong demand by all the consuming sectors raised the prices of Maize at several spot markets.
Maize spot price was quoting around Rs.1220/quintal at Pune and Rs.1325/quintal at Ahmedabad. Starch manufacturers are buying maize in Karnataka around Rs.1120-Rs.1130/quintal.
Traders in Karnataka are expecting prices to ease a little if farmers sell stocks at the prevailing high prices.
MCX CARDAMOM 01 January 2020
contract was trading at
Rs 0 . What's your view on it?
