Barley futures surge on brisk buying

Barley prices looked up by Rs 15 to Rs 1,303 per quintal in future trade today, on fresh buying by traders in line with firm spot market cues.

Analysts said less arrivals against brisk buying by beer making units in physical markets, led the rise in barley future prices here.

At the National Commodity and Derivatives Exchange, barley prices for the delivery of near November month jumped up by Rs 15, or 1.16 per cent to Rs 1,303 per quintal, witnessing an open interest of 3440 lots.
   
Likewise, current October month delivery rose by Rs 12.60, or 0.99 per cent to Rs 1,284 per quintal, having an open interest of 12,680 lots.