Fall in arrivals has caused a rise in maize prices during the first two weeks of June.
According to market analysts, demand for the commodity has also gone up while arrivals registered a fall. Spot prices of the commodity have gone up from Rs 690 to Rs 740 per quintal this month.
Even maize Futures continued to be bullish since the last fortnight and the commodity is expected to maintain its firmness till the new crop arrives.
The contract for June delivery at the National Commodity and Derivatives Exchange (Ncdex) went up from Rs 731 a quintal from the beginning of the month to Rs 760 now. The contract for July delivery has risen by 3 per cent during the period to close at Rs 771 a quintal on Tuesday.
Similarly, the consecutive August contract scaled up to Rs 780
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