Barley futures looks up on fresh buying

Barley prices rose by Rs 15.80 to Rs 1,160 per quintal in the future trade today on emergence of buying by traders in tandem with short supply and better demand in physical markets.

Market analysts said restricted supply and rising demand in the spot market influenced trading sentiments here in future trade of barley. 

At the National Commodity and Derivatives Exchange counter, barley for delivery in March advanced by Rs 15.80 or 1.38 per cent to Rs 1,160 per quintal, clocking an open interest of 290 lots.

April-month delivery contract moved higher by Rs 10.20 or 0.95 per cent, to Rs.1,080 per quintal, with an open interest of 460 lots.