Barley prices strengthened by Rs 23 to Rs 1,440 per quintal in futures trade today following increased buying by traders, guided by firm spot markets sentiment.
Marketmen said strong demand from beer and cattle-feed making industries against restricted supply in physical markets led to a rise here in futures price of barley.
At the National Commodity and Derivatives Exchange, barley for August rose by Rs 23, or 1.62%, to Rs 1,440 per quintal, with an open interest of 1,910 lots.
For delivery in July, the prices rose by Rs 19.50, or 1.43%, to Rs 1,380 per quintal, with an open interest of 8,880 lots.
For July contract too the prices improved by Rs 18.50, or 1.33%, to Rs 1,409 per quintal, with an open interest of 36,280 lots.
