Barley futures climb over 2% on firm spot market

Barley prices spurted by Rs 29, or 2.37 per cent to Rs 1,252.50 per quintal in futures trading today after participants enlarged positions, tracking a firming trend at the domestic spot markets on rising demand.
At the National Commodity and Derivatives Exchange, barley for delivery in November surged by Rs 29, or 2.37 per cent to Rs 1,252.50 per quintal, with an open interest of 1,120 lots.
Also, barley for delivery this month climbed Rs 23, or 2.01 per cent to Rs 1,170 per quintal in an open interest of 110 lots, while September month contract rose Rs 22, or 1.89 per cent to Rs 1,189 per quintal, having an open interest of 18,400 lots.

Marketmen said huge positions built up by participants, tracking a firming trend at the spot market, lifted barley prices in futures trade here.