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Barley futures up on strong spot demand

Press Trust of India  |  New Delhi 

Barley prices firmed up by Rs 16.50 to Rs 1,537.50 per quintal in futures trade today as traders built-up fresh position in tandem with strong demand in spot markets.

Marketmen attributed the rise in barley prices at futures trade to a firm trend at the physical markets on the back of strong demand from beer makers amid tight supplies from growing makers.

At the National Commodity and Derivatives Exchange, barley for delivery in April flared up by Rs 16.50, or 1.08 per cent, to Rs 1,537.50 per quintal, clocking an open interest of 750 lots.

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

First Published: Mon, March 20 2017. 11:57 IST