Barley futures up on firm trend in spot markets

After falling for two days, barley prices were trading higher by Rs 7 to Rs 1,535 per quintal in futures trading today with speculators creating fresh positions on the back of a firm trend at the physical markets.

Marketmen said after recent fall, revival of activity with speculators creating positions amid a firm trend at the spot markets, influenced barley prices at futures trade here.

At the National Commodity and Derivatives Exchange, barley for delivery in June improved by Rs 7, or 0.46 per cent, to Rs 1,535 per quintal, with an open interest of 2,320 lots.

The most-active delivery in May too was trading up by Rs 5, or 0.33 per cent, to Rs 1,511 per quintal, in an open interest of 6,080 lots.