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Barley futures up on spot demand

Press Trust of India  |  New Delhi 

Supported by strong demand at the spot markets, barley prices were higher by Rs 5.50 to Rs 1,429 per quintal in future trading today as participants created increased positions.

Marketmen said enlarging of bets by participants, tacking a firm trend at the physical markets on strong demand, mainly influenced barley prices in futures trade here.

At the National Commodity and Derivative Exchange, barley delivery in September contracts looked up by Rs 5.50 or 0.39 per cent to Rs 1,429 per quintal, having an open interest of 3,070 lots.

The delivery for August contracts too edged higher by Rs 5 or 0.36 per cent to Rs 1,401 per quintal, clocking an open interest of 3,140 lots.

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

First Published: Wed, August 09 2017. 14:42 IST