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Barley futures trade moderately higher on supply crunch

Barley futures traded moderately higher on NCDEX, due to frantic buying by retailers and stockists as the ongoing supply crunch intensifies. As per reports, barley rates have climbed 15-20% in the last two months, with the tight stock inventories and improved spot demand.

The contract for December delivery was trading at Rs 1880.00, up by 0.70% or Rs 13.00 from its previous closing of Rs 1867.00. The open interest of the contract stood at 2990 lots on NCDEX.

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