Barley prices rallied by Rs 1.56 per cent to Rs 1,528 per quintal in futures trade today as participants created holdings amid firm physical market trend.
Market players said pick up in demand for beer-makers and pause in supplies from growing regions in the spot markets encouraged traders to build up fresh positions, which pushed trading sentiments upward in the barley futures.
At the National Commodity and Derivatives Exchange, barley delivery for August contract climbed up by Rs 23.50, or 1.56 per cent, to Rs 1,528 per quintal in a business turnover of 9,330 open lots.
Similarly, the delivery of the immediate contract July jumped up by Rs 21.50, or 1.45 per cent, to Rs 1,500 per quintal with an open interest of 3,120 lots.
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