Barley futures move up on spot cues

Barley prices rose by Rs 8.50 to Rs 1,608.50 per quintal in futures trade today as investors raised bets on firm physical market trend.

Marketmen said pick up in demand from beer makers amid short supplies from producing belts in the spot markets boosted barley prices here in futures trade.

At the National Commodity and Derivatives Exchange, barley delivery for August contract gained Rs 8.50, or 0.53 per cent, to Rs 1,608.50 per quintal, with an open interest of 7,280 lots.

Similarly, the delivery of September contract advanced by Rs 7.50, or 0.56 per cent, to Rs 1,633.50 per quintal in an open interest of 4,020 lots.