Barley up 2.3% on firm trends in spot market

Pick up in demand, tight supplies propel prices of the commodity in futures trade

Barley prices firmed up by 2.30 per cent to Rs 1,510 per quintal in future trading today on the back of emerging physical markets.

Marketmen attributed spurt in barley prices at futures trade to a firming trend at the physical markets on pick-up in demand against tight supplies.

At the National Commodity and Derivatives Exchange, barley delivery for this month contracts surged by Rs 34, or 2.30 per cent, to Rs 1,510 per quintal, with an open interest of 5,240 lots.

The January contract was trading higher by Rs 12, or 0.82 per cent, to Rs 1,470 per quintal in an open interest of 4,390 lots.