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Barley futures rise 0.57% on firm spot cues

Press Trust of India  |  New Delhi 

Barley prices moved higher for the second session by rising Rs 11.50 to Rs 1,541 per 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 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.

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

First Published: Tue, July 10 2018. 11:40 IST