Barley futures up Rs 27.50 on spot demand

Barley prices shot up by Rs 27.50 to Rs 1,620 a quintal in futures trading today after traders created fresh positions, driven by firm trend at the spot markets on strong demand.
Marketmen attributed the jump to rising demand at the physical markets amid restricted supplies from growing regions.
At the National Commodity and Derivative Exchange, barley for delivery in far-month August contracts climbed Rs 27.50 or 1.67 per cent to Rs 1,620 a quintal, clocking an open interest of 760 lots.
On similar lines, the commodity for most active delivery in July contracts rose by Rs 24 or 1.49 per cent to Rs 1,587 a quintal and open interest depicted in 13,820 lots.