Barley prices recovered by Rs 10 to Rs 1,437 per quintal in futures trade today as participants created fresh positions at existing levels amid a firm trend at the physical markets.
Marketmen said apart from short-covering by speculators at lower levels, pick up in demand and fall in arrivals in spot markets supported the the recovery in barley prices in futures trade.
At the National Commodity and Derivatives Exchange counter, barley to be delivered in June contracts improved by Rs 10, or 0.70 per cent, to Rs 1,437 per quintal with an open interest of 4,210 lots.
Also, the most-traded contract for May advanced by Rs 6.50, or 0.46 per cent, to Rs 1,417 per quintal in an open interest of 11,450 lots.
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