Barley futures up on low-level buying in spot markets
At the National Commodity and Derivatives Exchange, barley prices for the current September month moved up by Rs 18, or 1.22 per cent, to Rs 1,495 per quintal.
By PTI | Updated:
NEW DELHI: Barley prices improved by Rs 18 to Rs 1,495 per quintal in futures trading today as speculators enlarged positions, tracking low-level buying in spot markets.
At the National Commodity and Derivatives Exchange, barley prices for the current September month moved up by Rs 18, or 1.22 per cent, to Rs 1,495 per quintal with an open interest of 6,170 lots.
Near contract October month also rose by Rs 17.50, or 1.16 per cent, to Rs 1,521 per quintal in an open interest of 2,790 lots.
Marketmen said besides emergence of low-level demand in the spot markets, restricted supplies from growing regions, mainly supported the uptrend in future markets.
At the National Commodity and Derivatives Exchange, barley prices for the current September month moved up by Rs 18, or 1.22 per cent, to Rs 1,495 per quintal with an open interest of 6,170 lots.
Near contract October month also rose by Rs 17.50, or 1.16 per cent, to Rs 1,521 per quintal in an open interest of 2,790 lots.
Marketmen said besides emergence of low-level demand in the spot markets, restricted supplies from growing regions, mainly supported the uptrend in future markets.
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