Continuous rising demand from overseas market stoked the barley market with bullish sentiments. |
According to marketmen, export demands, mainly from West Asia, are unlikely to fall in the near future. Last week, the futures market breached the Rs 800 a quintal mark and managed to remain above this level. |
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"Rates of barley in physical market is ruling at Rs 825. There could be a further rise of Rs 25-30 a quintal," said Abhishek Agarwal, a Jaipur-based trader. |
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At present, stocks available in Jaipur, the main delivery centre, is around 15,000 tonnes. |
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On the National Commodity and Derivatives Exchange, the near month contract of barley closed at Rs 835 a quintal, up 5.15 per cent, against the previous week's closing at Rs 796 a quintal. |
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