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Barley futures rise on positive spot demand

Barley prices noted a rise of Rs 6.50 to Rs 1,639 per quintal in futures trade today increased holdings by traders, buoyed by strong physical markets demand.


PTI 30 Jul 2018, 07:29 AM India
  • Barley prices noted a rise of Rs 6.50 to Rs 1,639 per quintal in futures trade today increased holdings by traders, buoyed by strong physical markets demand. (Image Credit: Wikipedia)

Barley prices noted a rise of Rs 6.50 to Rs 1,639 per quintal in futures trade today increased holdings by traders, buoyed by strong physical markets demand.

Marketmen said, building up of fresh exposures by the speculators in sync with the strong demand for beer making industries amid insufficient stocks position, gave an upward push to the barley futures prices.

At the National Commodity and Derivatives Exchange counter, barley delivery for the September contract improved by Rs 6.50, or 0.40 per cent, to Rs 1,639 per quintal, with an open interest of 4,840 lots.

Similarly, the delivery of the August contract advanced by Rs 4, or 0.25 per cent, to Rs 1,612 per quintal, with an open interest of 6,660 lots.

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


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