The near-month futures and the spot prices of barley rose by over 2 per cent on tight supply conditions. |
According to traders based in Jaipur "" the main delivery centre "" markets will remain firm for the time being. |
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"Though we do not see any further considerable rise, Rs 10-20 a quintal increase is expected in the physical market," said a trader. |
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During the last week, spot prices rose by Rs 25-30 to cross the Rs 750-level. The arrival has come down to as low as 400-500 bags (of 80 kg each). During the peak season (April-May), arrivals even reach 10,000 bags a day. |
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On Saturday, the contract for June delivery on NCDEX closed at Rs 796 a quintal against the previous week's close of Rs 778 a quintal. |
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