Barley futures prices rose by Rs 49 to Rs 1,272 per quintal in future trade today following speculators buying in tandem with restricted arrivals in the spot market.
Market analysts said sustained demand from alcohol and cattle feed making industries against paucity of stocks encouraged traders to go long, which caused the further rise in barley futures prices.
At the National Commodity and Derivatives Exchange platform, barley for March-month delivery contract shot up further by Rs 49 or 4.01 per cent, to Rs 1,272 per quintal, with an open interest of 2,740 lots.
April-month delivery contract hardened by Rs 18.40, or 1.63 per cent, to Rs 1,149 per quintal, with an open interest of 690 lots.
While delivery in May surged by Rs 22.40, or 1.98 per cent, to Rs 1,153 per quintal, with an open interest of 30 lots.
