Commodities

Mixed trend in barley futures

PTI New Delhi | Updated on April 04, 2011

In a mixed pattern of trading, barley futures prices declined by Rs 11.20 to Rs 1,117 per quintal at the futures trade today as speculators indulged in reducing their holdings.

However, far contract prices showed a gain of Rs 14.20 to Rs 1,194 per quintal on speculative buying due to expectations of rise in demand in the coming months.

Market analysts said increased supply of new crops into the markets mainly advised traders to reduce their holdings, while far month contract remained in demand on speculative buying.

At the National Commodity and Derivatives Exchange, barley for delivery in April declined by Rs 11.20 or 0.99 per cent to Rs 1,117 per quintal with an open interest of 4,220 lots. Similarly, May contract lost Rs 10.80 or 0.94 per cent to Rs 1,142 per quintal with a business volume of 5,380 lots.

On the other hand, barley prices for June rose Rs 14.20 or 1.2 per cent to Rs 1,194 per quintal clocking an open interest of 280 lots.

Published on April 04, 2011

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