Marketmen said the rise in barley prices in futures trade to building of huge positions by traders, tracking a strong trend at the spot markets on increased demand from beer makers amid tight supplies from growing regions.
At the National Commodity and Derivative Exchange, barley for delivery this month contracts climbed Rs 25 or 1.75 per cent to Rs 1,450 per quintal, showing an open interest of 60 lots.
Likewise, the delivery for the most-traded September contract hardened by Rs 22.50 or 1.56 per cent to Rs 1,465.50 per quintal, revealing an open interest of 4,100 lots.