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Barley trades higher, up 2.03% on strong physical demand

Increased buying by traders supported the trade

Press Trust of India New Delhi

Barley futures for July hardened by Rs 31.50, or 2.03% to Rs 1,560 per quintal in 30 lots.

At the National Commodity and Derivatives Exchange, the April contract also moved up by Rs 3.50, or 0.23% to Rs 1,504.50 per quintal in 5,470 lots.

Increased buying by traders, guided by firm spot markets sentiment supported the trade.

Strong demand from breweries and cattle-feed making industries amid restricted
supply helped the futures trade.

 

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First Published: Jan 23 2013 | 3:00 PM IST

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