Barley futures prices recovered by Rs 10.80 to Rs 1,300 per quintal in future trade today owing to short covering by traders in line with firm spot market cues.
Market analysts said less arrivals as well as brisk buying by alcohol makers in physical markets, led a rise in barley future prices here.
They said speculators covering their pending long positions further fuelled the uptrend.
At the National commodity and Derivatives Exchange counter, barley for delivery in March gained Rs 10.80, or 0.84 per cent, to Rs 1,300 per quintal, with an open interest of 3,680 lots.
Near April-month delivery contract fashioned in similar manner and rose by Rs 2.80, or 0.25 per cent, to Rs 1,108 per quintal, having an open interest of 880 lots.
