 "Barley spurts on rising spot demand")
Extending its rising streak, barley prices flared up by Rs 30.50 to Rs 1,491.50 per quintal in futures trading today as traders raised their bets supported by a firming trend at the spot markets on strong demand.
At the National Commodity and Derivative Exchange, barley for delivery in far-month January contracts shot up by Rs 30.50, or 2.09 per cent, to Rs 1,491.50 per quintal, with an open interest of 300 lots.
Barley for delivery in November added another Rs 24, or 1.71 per cent, to Rs 1,427 per quintal in an open interest of 16,410 lots.
Marketmen said a firming trend at the spot markets on strong demand from consuming industries amid tight supplies from growing regions in spot markets supported the upside in barley futures.
At the National Commodity and Derivative Exchange, barley for delivery in far-month January contracts shot up by Rs 30.50, or 2.09 per cent, to Rs 1,491.50 per quintal, with an open interest of 300 lots.
Barley for delivery in November added another Rs 24, or 1.71 per cent, to Rs 1,427 per quintal in an open interest of 16,410 lots.
Marketmen said a firming trend at the spot markets on strong demand from consuming industries amid tight supplies from growing regions in spot markets supported the upside in barley futures.