Barley prices rise up 2% on speculative buying

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:31 AM IST

Barley prices rose by Rs 30 to Rs 1,510.50 per quintal in futures trading today, as speculators created fresh positions supported by a firming trend at spot markets.

At the National Commodity and Derivatives Exchange, barley for delivery in May strengthened by Rs 30, or 2.03% to Rs 1,510.50 per quintal, with an open interest of 2,950 lots.

The most-active April contract too edged up by Rs 29.50, or 2.01% to Rs 1,497 per quintal, having an open interest 3,710 lots.

Marketmen said firming trend at spot markets amid restricted supplies, mainly led to the rise in barley futures prices.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 14 2012 | 2:11 PM IST

Next Story