Barley prices went up by Rs 25 to Rs 1,584.50 per quintal in futures trade today following creation of fresh holdings by investors, guided by firm physical market sentiments.
Market players said building up of fresh positions by participants following strong demand from beer makers amid tight stocks position on restricted supplies in the spot markets, largely supported the rise in barley futures prices.
At the National Commodity and Derivatives Exchange, barley for delivery in September contract shot up by Rs 25, or 1.60 per cent, to Rs 1,584.50 per quintal with an open interest of 1,720 lots.
For the most-active, delivery in August contract rose by Rs 15.50, or 1.00 per cent, to Rs 1,561.50 per quintal with a business turnover in 9,710 open lots.
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