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Barley futures gain on fresh buying

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Press Trust of India New Delhi

Barley prices improved by Rs 4 or 0.35 per cent to Rs 1,156 per quintal in futures trade today on fresh buying by traders, influenced by pick up in demand at physical markets.

Marketmen said increased buying by traders on the back of pick up in demand and restricted supply in spot markets, led to a uptrend in barley future prices.

At the National Commodity and Derivatives Exchange counter, barley prices for July-month contract gained Rs 4 or 0.35 per cent to Rs 1,156 per quintal, with an open interest of 16,420 lots.

Current June-month contract delivery also rose Rs 3.80 or 0.34 per cent to Rs 1,132.20 per quintal, with an open interest of 4,650 lots.

 

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First Published: Jun 14 2010 | 1:48 PM IST

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