Barley prices moved higher for the second session by rising Rs 11.50 to Rs 1,541 per quintal in futures trade today as investor widened positions amid firm physical market sentiment.
Market players said traders were raising their bets on the back of robust physical market, which led to the uptick in barley futures prices.
In the spot market, thin arrivals and strong demand for beer makers kept the prices positive, they added.
At the National Commodity and Derivatives Exchange, barley delivery for most traded August contract gained Rs 11.50, or 0.75 per cent, to Rs 1,541 per quintal with an open interest of 9,800 lots.
The delivery of the immediate contract also advanced by Rs 9.50 or 0.63 per cent to Rs 1,511 per quintal, with an open interest of 2,200 lots.
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