The rally in barley futures continued for the third straight day, as prices hit another daily upper limit of 4% in futures trading today on speculators buying following reports of lower production this season.
Marketmen said lower stocks position amid reports of fall in new crops production this season advised speculators to create fresh positions.
At the National Commodity and Derivatives Exchange, the April barley hit another daily upper limit of 4%, or Rs 67.50 to Rs 1,750 per quintal with an open interest of 4,330 lots.
The May contract also spurted 4%, or Rs 69 to Rs 1,783 per quintal, having an open interest of 5,090 lots.
The June contract followed suit and hit an daily upper limit of 4%, or Rs 70 at Rs 1,817.50 per quintal, clocking an open interest of 420 lots.