Strong demand from cattle-feed making industries, restricted supply push price up
Barley prices strengthened by Rs 31.50 to Rs 1,504 per quintal in futures trading today following increased buying by traders, guided by firm spot markets sentiment.
Marketmen said strong demand from cattle-feed making industries amid restricted supply in physical markets mainly led the rise in futures price of barley.
At the NCDEX, the August contract hardened by Rs 31.50, or 2.14%, to Rs 1,504 per quintal, with an open interest of 340 lots.
The May contract swifted by Rs 23, or 1.67%, to Rs 1,401.50 per quintal, having an open interest of 9,460 lots.
The June contract gained by Rs 20.50, or 1.46%, to Rs 1,428 per quintal, clocking an open interest of 31,640 lots.
Commodity market regulator FMC has found huge disparity between the ratio of open interest and the volume of trading in some commodities traded on ...