Barley up 1% on short covering

Barley prices recovered some of its losses, by adding Rs 19.50 to Rs 1,699.50 per quintal in futures trading today following low levels buying by traders.

Marketmen said after a couple of day's fall, traders raised positions at prevailing lower levels.

At the National Commodity and Derivatives Exchange, the June contract recovered by Rs 19.50, or 1.16%, to Rs.1,699.50 per quintal, with an open interest of 1,140 lots.

The April contract gained Rs 6.50, or 0.41%, to Rs 1,606.50 per quintal, having an open interest of 6,700 lots.

The May contract moved up by Rs 4.50, or 0.27%, to Rs 1,650 per quintal with an open interest showed of 12,570 lots.