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Barley up almost 2% on fresh buying support

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Press Trust of India New Delhi

Barley futures prices improved by Rs 23.40 to Rs 1,280 per quintal today, on increased buying by traders on the back of firm spot markets cues.

Marketmen said restricted supply and rising demand in physical markets, mainly attributed the rise in barley future prices.

Fresh demand from liquor and cattle-feed making units also influenced the trading sentiment, they said.

At the National Commodity and Derivatives Exchange, barley for delivery in May advanced by Rs 23.40, or 1.86%, to Rs 1,280 per quintal, clocking an open interest of 10 lots.

The February contract gained 0.60 paise, or 0.05%, to Rs 1,244 per quintal, depicting an open interest of 370 lots.

 

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First Published: Feb 03 2012 | 1:29 PM IST

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