NCDEX Jun maize down on profit booking, spot cues.

The June contract of maize on the NCDEX fell as investors booked profits after prices rose. the June contract was trading down 1.7% from the previous close. Prices had risen due to firm demand in spot markets amid lower supplies. Maize prices also tracked losses in wholesale markets. In Bihar key Purnea market, the coarse grain was sold down 10-15 rupees from the previous day, Maize prices in Telangana benchmark market of Nizamabad, however, rose amid a decline in supplies and firm demand from the poultry feed sector. Arrivals of the coarse grain more than halved in Nizamabad today to 600 bags (1bag=100kg).