Barley futures prices strengthened by Rs 18.20 to Rs 1,270 per quintal today, following fresh buying by traders on the back of firm spot market cues.
Market analysts said low stocks position on reduced arrivals in physical makets, encouraged traders to raise their positions.
Strong demand from alcohol and cattle-feed making industries was another boosting factor, they added.
At the National Commodity and Derivatives Exchange, barley prices for current month March contract advanced by Rs 18.20, or 1.45 per cent, to Rs 1,270 per quintal, with an open interest of 1,020 lots.
Prices for April contract also rose by Rs 3.80, or 0.32 per cent, to Rs 1,205 per quintal, with an open interest of 2,890 lots.
