Barley futures up on short covering

Barley prices recovered some of its losses, by adding Rs 19.50 to Rs 1,699.50 per quintal in futures trading today following low levels buying by traders.

NEW DELHI: Barley prices recovered some of its losses, by adding Rs 19.50 to Rs 1,699.50 per quintal in futures trading today following low levels buying by traders.

Marketmen said after couple of day's fall, traders raised positions at prevailing lower levels.

At the National Commodity and Derivatives Exchange, barley prices for June contract recovered by Rs 19.50, or 1.16 per cent, to Rs.1,699.50 per quintal, with an open interest of 1,140 lots.

Current April month contract gained Rs 6.50, or 0.41 per cent, to Rs 1,606.50 per quintal, having an open interest of 6,700 lots.

Most active near-May month contract moved up by Rs 4.50, or 0.27 per cent, to Rs 1,650 per quintal with an open interest showed of 12,570 lots.
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