Barley prices rose by another Rs 12 to Rs 1,490 per quintal in futures trade today as speculators indulged in raising their bets backed by robust demand at the spot markets.
At the National Commodity and Derivative Exchange, barley for September delivery contracts improved further by Rs 12 or 0.81 per cent to Rs 1,490 per quintal, with an open interest of 4,240 lots.
Barley to be delivered in October contracts also gained Rs 5 or 0.33 per cent to Rs 1,511 per quintal, in an open interest of 220 lots.
Marketmen said the rise in barley prices in futures trade was attributed to a firm trend at the spot markets, powered by a firm trend at the sot markets on brisk demand from beer makers and other industries.
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