Robust demand in spot market push up barley prices

Barley prices strengthened by Rs 31 to Rs 1,593.50 per quintal in futures trading today as traders were accumulating their bets in the wake of strong physical sentiments.

Marketmen said traders preferred to widen their positions in line with brisk beer makers demand in spot markets, which secured the upsurge in barley prices.

At the National Commodity and Derivatives Exchange, barley delivery for the second contract May spurted by Rs 31, or 1.98 per cent, to Rs 1,593.50 per quintal, with an open interest of 270 lots.

The delivery for most traded first contract April advanced by Rs 2.50, or 0.16 per cent, to Rs 1,605 per quintal, having an open interest of 1,030 lots.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)