Barley Ends Higher On Strong Demand

Barley prices closed higher by 1.09 per cent on Thursday at the National Commodity & Derivatives Exchange Limited as a result of strong demand from beer and cattle-feed making industries against restricted supply in physical markets. At the NCDEX, barley futures for May 2016 contract closed at Rs. 1,530 per quintal, up by 1.09 per cent, after opening at Rs. 1,525 against the previous closing price of Rs. 1,513.5. It touched the intra-day high of Rs. 1,530. Barley is a cereal grain derived from the annual grass Hordeum vulgare. This widely adaptable crop is popular in temperate areas where it is grown as a summer crop and tropical areas where it is sown as a winter crop

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