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Barley futures recover on fresh buying

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 12:52 AM IST

Barley prices recovered by Rs 11.8 or 1.05 per cent to Rs 1,131 per quintal in futures trade today, as speculators created positions after short supply at physical markets.

Marketmen said rising demand and restricted supply in physical markets led to a rise in barley futures prices.

Emergence of buying by beer and cattle-feed makers in spot markets due to rising mercury influenced the trading sentiment, they added.

At the National Commodity and Derivatives Exchange counter, barley prices for August-month contract climbed by Rs 11.80 or 1.05 per cent to Rs 1,131 per quintal, with an open interest of 380 lots.

June-month contract delivery also moved up by Rs 9.60 or 0.88 per cent to Rs 1,101 per quintal, with an open interest of 15,850 lots.

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First Published: May 26 2010 | 2:27 PM IST

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