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22-Nov2012

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.


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