NCDEX Jun maize up on short covering post 1-month low.

The June contract of maize on the NCDEX was up nearly 1% as investors continued covering their short positions after prices hit a more than one-month low on previous close. The June contract was up 0.8% from the previous close. In Bihar benchmark market of Purnea, maize was sold down 5-10 rupees from the previous day. Around 0.15 million bags (1bag=100kg) of maize arrived in Purnea and arrivals are expected to rise further till the end of May. Rabi maize prices in Telangana benchmark Nizamabad market also fell amid subdued demand from the poultry feed industry.