Barley futures gain on strong demand

| | Updated on: Apr 28, 2011

Barley prices rose for the second straight day in futures trade today by adding Rs 14.80 to Rs 1,360 a quintal on speculators buying on the back of a firm spot markets sentiment.

Market experts said brisk buying by beer and cattle feed making industries was the main reason behind price rise in prices.

Restricted supply from growing regions also helped to boosted the trading sentiments, they added.

At the National Commodity and Derivatives Exchange, barley for May delivery contract spurted by Rs 14.80, or 1.10 per cent to Rs 1,360 a quintal with an open interest of 14,240 lots.

Barley for delivery in June also attracted buyers attention and rose by Rs 15.80 or 1.14 per cent to Rs 1,397 a quintal with an open interest of 4,610 lots.

Published on April 28, 2011

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