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Barley futures improve on spot demand

Press Trust of India  |  New Delhi 

Barley prices posted gain of Rs 16 to Rs 1,399 per in futures trade today on the widening of holdings in sync with strong physical demand.

Market players mentioned the upward movements in barley futures prices to bolstering of demand from beer makers amidst rising mercury amid tight arrivals from growing belts in spot markets.

At the National Commodity and Derivatives Exchange counter, barley delivery for the June increased by Rs 16 or 1.16 per cent to Rs 1,399 per quintal, clocking an open interest of 320 lots.

Similarly, the delivery of the most traded May advanced by Rs 12 or 0.88 per cent to Rs 1,376 per quintal, depicting an open interest of 11,890 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 12:25 IST