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Barley prices moved up by Rs 16 to Rs 1,409 per quintal at the futures trade today following buying by traders on the back of restricted arrivals and strong physical demand.
Market analysts said fall in supply in tandem with strong demand from beer and cattle-feed making industries led to the rise in barley futures prices here.
At the National Commodity and Derivatives Exchange, barley for delivery in July rose Rs 16 or 1.15 per cent to Rs 1,409 per quintal with an open interest of 40 lots. Similarly, May contract rose Rs 7.40 or 0.56 per cent to Rs 1,327 per quintal with an open interest of 13,890 lots.
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