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Barley hits upper limit

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 3:11 AM IST

Barley futures hit another daily upper limit of 4% in the future trading today on sustained buying by speculators amid low inventories.

Marketmen said low stocks position against rising demand from beer making industries, mainly boosted the trading sentiment.

Traders said the prices rising on the back of tight stocks positions in spot market and a firming demand.

They said the prices likely to remain high until fresh arrivals starting next months.

At the National Commodity and Derivatives Exchange, the April barley jumped up by Rs.65, or 4.02% to Rs.1,682.50 per quintal, with an open interest of 4,130 lots.

The May contract also hit daily upper limit of four%, or Rs.66 at Rs.1,714 per quintal, having an open interest of 4,760 lots.

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First Published: Mar 21 2012 | 1:25 PM IST

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