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Barley prices rise up 2% on speculative buying

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:31 AM IST

Barley prices rose by Rs 30 to Rs 1,510.50 per quintal in futures trading today, as speculators created fresh positions supported by a firming trend at spot markets.

At the National Commodity and Derivatives Exchange, barley for delivery in May strengthened by Rs 30, or 2.03% to Rs 1,510.50 per quintal, with an open interest of 2,950 lots.

The most-active April contract too edged up by Rs 29.50, or 2.01% to Rs 1,497 per quintal, having an open interest 3,710 lots.

Marketmen said firming trend at spot markets amid restricted supplies, mainly led to the rise in barley futures prices.

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First Published: Mar 14 2012 | 2:11 PM IST

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