Business Standard

Barley extends gains on speculative buying

Strong demand from brewery industries helped to pushed up the trading sentiments

Image

Press Trust of India New Delhi

Barley prices remained in demand for the second consecutive day by adding Rs 67 to Rs 1,752 per quintal in future trading today following renewed buying in tandem with firm spot markets sentiment.

Strong demand from brewery industries also helped to pushed up the trading sentiments.

At the National Commodity and Derivatives Exchange, the July contract shot up by Rs 67, or 3.98%, to Rs 1,752 per quintal, having an open interest of 170 lots.

The May contract jumped up by Rs 51.50, or 3.17%, to Rs 1,675 per quintal, with an open interest of 20,070 lots.

The April contract climbed by Rs 43.50, or 2.75%, to Rs 1,628 per quintal, clocking an open interest of 7,720 lots.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 13 2012 | 1:35 PM IST

Explore News