Barley futures up by Rs 18.50 per quintal

Barley prices were up by Rs 18.50 to Rs 1,600.50 per quintal in future trading today following expansion of positions by participants amid a firm trend at the physical markets.
Marketmen attributed the rise in barley prices in futures trade to a firming trend at the spot markets on pick up in demand form consuming indutries amid less arrivals from growing belts.
At the National Commodity and Derivative Exchange, barley for delivery this month contract rose by Rs 18.50 or 1.17 per cent to Rs 1,600.50 per quintal, having an open interest of 350 lots.
In a similar fashion, delivery in November month contracts advanced by Rs 3 or 0.18 per cent to Rs 1,651 per quintal, clocking an open interest of 2,570 lots.