Barley futures spurt on rising spot demand

Barley prices rose higher by another Rs 21.50 to Rs 1,788 per quintal in futures trade today on aggressive buying by participants in tandem with a firm trend at the spot markets on rising demand.
Marketmen said the rise in barley prices at futures trade was mostly attributed to sustained demand form beer and poultry feed makers.
At the National Commodity and Derivatives Exchange, barley for delivery in December spurted by Rs 21.50 or 1.22 per cent to Rs 1,788 per quintal, having an open interest of 400 lots.
Also, barley for delivery in November was trading higher by Rs 8 or 0.45 per cent to Rs 1,769 per quintal, with an open interest of 18,100 lots.