Barley gains by 2% on fresh buying

Barley prices surged by Rs 25 to Rs 1,275 per quintal in future trading today in tandum with firm spot markets sentiment.

 

Marketmen said restricted supply and pick up in demand in physical markets mainly pushed up prices here in future trade.

 

Low levels buying also helped to enthused the treading sentiments to some extent, they added.

 

Barley prices for current July contract hardened by Rs 25, or 2.00% to Rs 1,275 per quintal, having an open interest of 1,230 lots.

 

Most active near August month contract also advanced by Rs 19, or 1.48% to Rs 1,306 per quintal with an open interest of 31,220 lots.