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Barley futures up on heavy buying

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 8:45 PM IST

Barley prices rose by Rs 20.80 to Rs 1,318 per quintal in futures trading today following brisk buying by traders on the back of firm spot market cues.

Market analysts said reduced arrivals along with pick-up in demand advised traders to raised their positions.

Heavy buying by alcohol and cattle-feed making industries also boosted the trading sentiments, they added.

At the National Commodity and Derivatives Exchange, barley for delivery in June rose by Rs 20.80, or 1.60%, to Rs 1,318 per quintal, with an open interest of 1,240 lots.

Its prices for delivery in May surged by Rs 20.60, or 1.64%, to Rs 1,280 per quintal, with an open  interest of 13,730 lots.

Similarly, barley for delivery in March went up by Rs 8.40, or 0.72% to Rs 1,178.80 per quintal, showing an open interest of 2,110 lots.

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First Published: Apr 19 2011 | 3:44 PM IST

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