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Barley futures prices up on fresh buying

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SummaryBarley prices improved by Rs.25.50 to Rs.1,410 per quintal in futures trade today following increased buying in line with firm spot markets sentiment.

Barley prices improved by Rs.25.50 to Rs.1,410 per quintal in futures trade today following increased buying in line with firm spot markets sentiment.

Marketmen said better offtake and restricted supply in physical markets mainly pushed up barley prices.

At the National Commodity and Derivatives Exchange, barley for current December hardened by Rs.25.50, or 1.84 per cent, to Rs.1,410 per quintal, in an open interest of 2,280 lots.

Far April month contract spurted by Rs.20.50, or 1.37 per cent, to Rs.1,512 per quintal, with an open interest of 880 lots.

Most active near January contract also moved up by Rs 4.50, or 0.31 per cent, to Rs 1,472 per quintal, having an open interest of 11,230 lots.

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