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Barley futures climb 2%

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Press Trust of India New Delhi

Barley prices zoomed by Rs 24 to Rs 1,227 per quintal in futures trade today on speculative buying in line with firm spot market demand.

Marketmen said less arrivals as well as brisk buying by beer makers in physical markets, led the sharp rice in barley future prices here.

At the National commodity and Derivatives Exchange, barley prices for the delivery of far November month jumped up by Rs 24, or 2 per cent, to Rs 1,227 per quintal, revealing an open interest of 520 lots.

August month delivery also rose by Rs 17.20, or 1.50 per cent, to Rs 1,163 per quintal, having an open interest of 11,520 lots.

 

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First Published: Aug 06 2010 | 2:59 PM IST

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