Barley prices strengthened by Rs 9.00, or 0.75 per cent, to Rs 1,209 per quintal in futures trade today on increased buying by traders in tandem with firm spot market sentiment.
Marketmen said fall in supply amid strong demand from alcohol and cattle-feed makers in physical markets, led to a rise in futures prices of barley.
At National Commodity and Derivatives Exchange counter, barley prices for the delivery in October-month went up by Rs 9.00, or 0.75 per cent, to Rs 1,209 per quintal, with an open interest of 110 lots.
August-month contract also moved up by Rs 6.40, or 0.55 per cent, to Rs 1,162.80 per quintal, with an open interest of 15,980 lots.
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