Barley closes higher on optimistic demand
16/04/2015 09:51
Barley prices closed lower by 1.64 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors booked profits at the higher on account of the weak physical markets and also due to the fall in the demand from beer and cattle-feed makers. Sentiment weakened further on account of a surge in the arrivals of the commodity along with the sluggish demand on higher levels. At the NCDEX, barley futures for April 2015 contract closed at Rs. 1,177 per quintal, down by 1.64 per cent, after opening at Rs. 1,191 against the previous closing price of Rs. 1,158. It touched the intra-day low of Rs. 1,177.
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.
16/04/2015 09:51
Barley prices closed lower by 1.64 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors booked profits at the higher on account of the weak physical markets and also due to the fall in the demand from beer and cattle-feed makers. Sentiment weakened further on account of a surge in the arrivals of the commodity along with the sluggish demand on higher levels. At the NCDEX, barley futures for April 2015 contract closed at Rs. 1,177 per quintal, down by 1.64 per cent, after opening at Rs. 1,191 against the previous closing price of Rs. 1,158. It touched the intra-day low of Rs. 1,177.
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.
