Wednesday, 28 October 2015

Barley prices ended high by 0.45 %; Agri tips & market view of 28 Oct, 2015

Agri tips & updates : Barley prices ended high by 0.45 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of strong requirement from beer & cattle-feed making industries against prohibited supply in physical markets. November 2015 contract at the NCDEX, barley futures closed at Rs. 1,438 per quintal, went up by 0.45 per-cent, after unlocking at Rs. 1,428 in against to the previous closing price of Rs. 1,431.5. It reached the intra-day high of Rs. 1,446.

The consumption requirement for Barley in country mainly comes for malt, animal feed & poultry. Barley malt is majorly used for the manufacturing of alcoholic beverages in the country.

Read More : Agri tips

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