Barley futures gain nearly 1 pc on supply concerns

Barley futures rose by Rs 17.50, or close to 1 per cent, to Rs 1,779 per quintal today on speculative buying triggered by strong demand at domestic spot markets.
At the National Commodity and Derivative Exchange, the current month contract of barley gained Rs 17.50, or 0.99 per cent, to Rs 1,779 per quintal, with an open interest of 10 lots.
The December month contract also gained y Rs 5.50 or 0.29 per cent to Rs 1,870 per quintal, with an open interest of 1,440 lots.
Marketmen attributed the rise in barley prices to speculative buying driven by strong demand from at the domestic spot markets amid tight supplies from growing regions.