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Barley futures spurt on brisk spot demand

Press Trust of India  |  New Delhi 

Barley prices strengthened by Rs 29 to Rs 1,529.50 per in futures trade today as investors accumulated holdings buoyed by strong demand in spot market.

Market players said, traders were enhancing bets on the back of positive physical markets leads, which led to an uptick in barley futures prices.

In the spot market, robust demand from beer making industries amid a pause in supplies from growing belts mainly kept prices northward, they said.

At the National Commodity and Derivatives Exchange, barley delivery for July hardened by Rs 29, or 1.93 per cent, to Rs 1,529.50 per quintal, with an open interest of 1,200 lots.

The August delivery also followed suit gaining Rs 23.50, or 1.53 per cent, to Rs 1,554.50 per quintal, in a business turnover of 10,330 open lots.

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

First Published: Thu, July 12 2018. 11:20 IST