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Barley futures advance on spot demand

Press Trust of India  |  New Delhi 

Barley prices firmed up by Rs 17 to Rs 1,454 per in futures trade today on widening of positions by speculators amid a firm trend at physical markets.

Marketmen said the rise in barley prices at futures market was mostly supported by raising of bets by participants coupled with robust demand at the spot markets from beer makers against restricted restricted supplies.

At the National Commodity and Derivatives Exchange, barley for June hardened by Rs 17 or 1.18 per cent to Rs 1,454 per quintal, with an open interest of 12,340 lots.

Barley for delivery in May also moved up by Rs 13 or 0.90 per cent to Rs 1,464 per quintal, in an open interest of 1,330 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 12:15 IST
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