NCDEX maize up 1% taking cues from spot markets.

Futures contracts of maize on the NCDEX rose nearly 1%, taking cues from gains in major spot markets. August contract of maize up 0.7% from the previous close. The July contract also traded 0.8% higher. In Bihar benchmark market of Purnea, good quality maize and poor quality maize both up 10-20 rupees from previous close. Prices rose in Purnea as monsoon, which had hit parts of the state on Friday, hampered supply of the grain in markets. Around 300-400 tonne of maize arrived in Purnea, down from 500 tonne brought on previous close.