Barley futures extend gains on strong demand

Barley futures extended their gains on NCDEX following fresh buying support at existing lower levels. Moreover, pick up in demand from beer and cattle-feed making industries against restricted supply in physical markets too influenced the commodity prices in future trade. The contract for May delivery was trading at Rs 1343.00, up by 0.67% or Rs 9.00 from its previous closing of Rs 1334.00. The open interest of the contract stood at 8710.00 lots. The contract for June delivery was trading at Rs 1368.00, up by 0.66% or Rs 9.00 from its previous closing of Rs 1359.00. The open interest of the contract stood at 9280.00 lots on NCDEX.