Barley futures up Rs 20 per quintal

NEW DELHI: Barley prices firmed up by Rs 20 to Rs 1,613.50 per quintal in future trading today following widening of positions by traders, tracking a firm trend at the spot markets.

Marketmen said enlarging of positions by participants, driven by a firm trend at the physical markets on strong demand against tight supplies, attributed to the rise in barley futures prices here.

At the National Commodity and Derivative Exchange, barley for delivery in October advanced by Rs 20 or 1.26 per cent to Rs 1,613.50 per quintal in an open interest of 690 lots.

Barley for delivery this month contracts gained by Rs 13.50 or 0.87 per cent to Rs 1,557 per quintal in an open interest of 2,960 lots.

The grain for delivery in September contract moved up by Rs 7.50 or 0.48 per cent to Rs 1,576 per quintal, with business turnover of 13,340 open lots.