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Barley futures gain on increased buying

Spot demand also took prices higher

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Press Trust of India New Delhi

Barley futures prices today looked up by Rs 21.50 to Rs 1,295 per quintal on speculators buying driven by firm spot market sentiment.

Marketmen said traders raising their holdings in tandem with emerging physical markets cues mainly pushed up barley futures prices.

They said strong demand from alcohol and cattle-feed making industries too influenced trading sentiments.

At the National Commodity and Derivatives Exchange, barley prices for July contract climbed by Rs 21.50, or 1.69%, to Rs 1,295 per quintal, having an open interest of 13,440 lots.

Prices for August delivery gained by Rs 19, or 1.45% to Rs 1,325 per quintal, with an open interest of 31,270 lots.

 

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First Published: Jul 05 2012 | 3:37 PM IST

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