Barley Closes Higher On Industrial Demand

Barley prices closed higher by 1.77 per cent on Tuesday 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 June 2016 contract closed at Rs. 1,577 per quintal, up by 1.77 per cent, after opening at Rs. 1,550 against the previous closing price of Rs. 1,549.5. It touched the intra-day high of Rs. 1,595.

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.

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