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Barley price gains on fresh buying

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Press Trust of India New Delhi

Barley prices improved by Rs14. 40 to Rs1,137.80 per quintal in future trading today,following fresh buying in the wake of higher spot markets cue.

Market analysts said less arrivals and rising demand in physical markets, mainly influenced trading sentiments here in future price of barley.

Brisk buying by alcohol and cattle-feed making industries was another rising factor behind the price rise, they added.

At the National Commodity and Derivatives Exchange counter, barley for March contract delivery rose by Rs14. 40 or 1.28 per cent to Rs1,137.80 per quintal, with an open interest of 240 lots.

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First Published: Dec 27 2010 | 1:50 PM IST

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