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Barley futures recover on short covering

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Press Trust of India New Delhi
Last Updated : Apr 30 2014 | 4:14 PM IST
Barley prices recovered by Rs 24 to Rs 1,409.50 per quintal in futures trading today following fresh buying at existing lower levels.
Marketmen said pick-up in demand and restricted supply in physical markets mainly led to the rise in futures markets.
At the National Commodity and Derivatives Exchange, barley for July contract advanced by Rs 24, or 1.73 per cent, to Rs 1,409.50 per quintal, with an open interest of 490 lots.
May contract rose by Rs 12, or 0.90 per cent, to Rs 1,346 per quintal, showing an open interest of 8,650 lots.
Most active June contract also rose by same margins of Rs 12, or 0.88 per cent, at Rs 1,371 per quintal, with an open interest of 9,220 lots.

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First Published: Apr 30 2014 | 4:14 PM IST

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