Barley prices rose by Rs 15.20, or 1.32 per cent, to Rs 1,165 per quintal in futures market today following speculative buying by traders, driven by poor supply and pick up in demand at spot markets.
Marketmen said aggresive buying by traders, tracking firm physical markets, where prices shot up due to fall in supply triggered by brisk buying by beer and cattle-feed makers, boosted the trading sentiments here in futures price of barley.
At the National Commodity and Derivatives Exchange counter, barley price for August contract climbed up by Rs 15.20, or 1.32 per cent, to Rs 1,165 per quintal, with an open interest of 2,350 lots.
June contract delivery also shot up by Rs 12.80, or 1.13 per cent, to Rs 1,143.60 per quintal, having an open interest of 17,750 lots.
