Maintaining its upward journey for the second straight day, barley prices rose by 1.51 per cent to Rs 1,211 per quintal in futures trade today as speculators indulged in enlarging positions amid rising demand at spot markets.
At the National Commodity and Derivatives Exchange, barley for delivery in June gained Rs 18, or 1.51 per cent, to Rs 1,211 per quintal, with an open interest of 9,820 lots.
Also, most-active May contracts edged up by Rs 11.50, or 0.98 per cent, to Rs 1,187 per quintal, having an open interest of 27,680 lots, while April contracts were up by Rs 5, or 0.42 per cent, to Rs 1,190 per quintal with an open interest of 6,460 lots.
Marketmen said rising demand from beer and cattle-feed industries at spot markets supported the upside in barley prices.
