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Barley recovers on speculative buying

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:34 AM IST

Barley prices strengthened by Rs 44 to Rs 1,215 per quintal in the future trade today following low levels buying in line with firm spot market cues.

Marketmen said traders building up new positions at prevailing lower levels mainly pushed up barley prices.

At the National Commodity and Derivatives Exchange, November barley climbed by Rs 44, or 3.76% to Rs 1,215 per quintal, with an open interest of 460 lots.

The October contract too remained in demand and improved by Rs 12.40 or 1.05% to Rs 1,190 per quintal, with an open interest of 4,390 lots.

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First Published: Sep 22 2011 | 3:36 PM IST

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