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Barley futures rise on spot demand

Marketmen said, tight stocks and pick-up in demand from beer making industries in the spot markets mainly attributed the rise in prices of barley futures.


PTI 08 Aug 2018, 07:46 AM India

Barley prices edged up by Rs 3 to Rs 1,635 per quintal in futures trade today on accumulated bets amidst rising physical markets demand.

Marketmen said, tight stocks and pick-up in demand from beer making industries in the spot markets mainly attributed the rise in prices of barley futures.

At the National Commodity and Derivatives Exchange, barley delivery for September edged up by Rs 3, or 0.18 percent, to Rs 1,635 per quintal, with an open interest of 6,940 lots.

Meanwhile, the delivery for August inched up by a rupee, or 0.06 percent, to Rs 1,610 per quintal, having an open interest of 2,330 lots.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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