Barley futures soar on strong physical cues

Barley prices bolstered by Rs 19 to Rs 1,524.50 per quintal in futures trading today as participants enlarged positions supported by firm physical markets.

Market players said the rise in barley futures prices was mostly attributed to raising of bets by participants, tracking a firm trend at the physical markets on strong demand from beer and poultry and animal-feed amid tight arrivals from growing belts.

At the National Commodity and Derivative Exchange, barley for most-active delivery this month contracts gained Rs 19 or 1.26 percent to Rs 1,524.50 per quintal, clocking an open interest of 1,050 lots.

Barley for delivery in December contracts also edged up by Rs 15 or 0.99 percent to Rs 1,527 per quintal, showing an open interest of 360 lots.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)