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Barley gains 1.35% on fresh buying

Pick up in demand, limited supply in physical market influence futures prices

Press Trust of India New Delhi
Barley prices improved by Rs 19 at Rs 1,424 per quintal in futures trading today following fresh buying support at existing lower levels.
    
Marketmen said pick up in demand and restricted supply in physical markets mainly attributed the rise here in barley prices at future markets.
    
At the National Commodity and Derivatives Exchange, barley prices for June delivery advanced by Rs 19, or 1.35 per cent to Rs 1,424 per quintal, in an open interest of 110 lots.
    
The April contract added Rs 14.50, or 1.06 per cent, to Rs 1,377 per quintal, showing an open interest of 1,890 lots.
 
    
The January contract was up by Rs 12.50, or 0.89 per cent, to Rs 1,416.50 per quintal, with an open interest of 4,000 lots.

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First Published: Dec 27 2013 | 1:51 PM IST

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