Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  Barley future exhibited bullish trend on NCDEX


Barley future exhibited bullish trend on NCDEX

Barley futures showed a bullish trade on NCDEX. Bullish demand from beer and cattle-feed making industries against restricted supply in the physical market influenced the prices. The consumption demand for Barley in India mainly comes for malt, poultry and animal feed. Barley malt is majorly used for the production of alcoholic beverages in the country.

The contract for December delivery was trading at Rs 1456.50, up by 2.32% or Rs 33.00 from its previous closing of Rs 1423.50. The open interest of the contract stood at 11070 lots.

The contract for January delivery was trading at Rs 1498.00, up by 2.71% or Rs 39.50 from its previous closing of Rs 1458.50. The open interest of the contract stood at 3390 lots on NCDEX.

Related News

View all news

Crop loans worth Rs 2,280 crore disbursed to farmers in Chhattisgarh

Chhattisgarh state has disbursed crop loans worth over Rs 2,200 during the current kharif season. The last date of loan distribution is September 30 and so far an amount of Rs 2,280 crore have been disbursed......

Nymex crude declines ahead of inventory data

Crude oil futures despite paring most of their early losses ended lower on Tuesday, ahead of the weekly crude inventory data and on demand growth concern. Sentiments were weighed down by softening demand......

Crude surges despite report of rise in stockpiles

Crude oil futures bounced back to end sharply higher on Thursday, even though an official weekly oil report from the Energy Information Administration (EIA) showed crude stockpiles in the US to have increased......

Top News

View all news

IMF recommends launching next phase of economic reforms for faster growth

After projecting Indian growth in current year to 7.3 percent, slightly lower from 7.5 percent forecasted in the 2015 April  at WEO, the International Monetary Fund (IMF) has recommended the country......

DLF, Tata Motors, FCEL and Future Retail to see some action today

K P Singh and his family, promoters of India's largest real estate company, DLF, will sell their 40 percent stake in the company's rental arm, DLF Cyber City Developers (DCCDL), to institutional investors.......

L&T, Bharti Airtel and Kotak Bank to see some action today

Indian engineering major, Larsen & Toubro (L&T), in partnership with Korea's Samsung Techwin (STW), has bagged Rs 4,875-crore ($750 million) order for supplying the Indian Army with 100......