Barley futures trade higher on strong physical demand

Jan 23 2013, 17:18 IST
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SummaryBarley prices traded up by Rs 31.50 to Rs 1,560 per quintal in future trading today, following increased buying by traders, guided by firm spot markets sentiment.

Barley prices traded up by Rs 31.50 to Rs 1,560 per quintal in future trading today, following increased buying by traders, guided by firm spot markets sentiment.

Marketmen said strong demand from breweries and cattle-feed making industries amid restricted supply in physical markets, mainly led the rise here in future trade.

At the National Commodity and Derivatives Exchange counter, barley prices for July contract hardened by Rs 31.50, or 2.03 per cent to Rs 1,560 per quintal, with an open interest of 30 lots.

Most active current near April month contract also moved up by Rs 3.50, or 0.23 per cent to Rs 1,504.50 per quintal, having an open interest of 5,470 lots.

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