Barley prices rebounded by Rs 10.50 to Rs 1,424.50 per quintal in futures trading today as speculators enlarged holdings in line with strong demand in spot markets.
Marketmen said the rise in barley prices at futures trade was mostly attributed to raising of bets by participants following a firm trend at the physical market on increased demand from beer makers.
At the National Commodity and Derivatives Exchange, barley for June improved by Rs 10.50, or 0.74 per cent, to Rs 1,424.50 per quintal, having an open interest of 5,250 lots.
Barley for July also rose by Rs 2, or 0.14 per cent, to Rs 1,446.50 per quintal, open interest stood at 6,380 lots.
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