Maize prices closed lower by 1.82 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. At the NCDEX, maize futures for January 2012 contract closed at Rs. 1,406 per quintal, down by 1.82 per cent, after opening at Rs. 1,427 against the previous closing price of Rs. 1,432.
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