Don’t miss the latest developments in business and finance.

Barley up by 1.5% on short covering

Low levels buying by traders influenced barley prices

Press Trust of India New Delhi
Last Updated : Jul 26 2013 | 1:43 PM IST
Barley prices recovered by Rs 18 to Rs 1,210.50 per quintal in futures trading today owing to low levels buying by traders, supported by emerging physical markets sentiments.
 
Marketmen said pick up in demand in spot markets at existing lower levels mainly pushed up barley prices in futures trading.
 
Strong demand from beer making industries also boosted the trading sentiment, they said.
 

Also Read

At the National Commodity and Derivatives Exchange, barley for August month gained by Rs 18, or 1.51% to Rs 1,210.50 per quintal, open interest was 22,960 lots.
 
Near September contract also looked up by Rs 14, or 1.15% to Rs 1,231 per quintal, with an open interest of 10,520 lots. 

More From This Section

First Published: Jul 26 2013 | 1:39 PM IST

Next Story