Barley futures gain on improved demand

Barley futures gained on NCDEX following fresh buying support at existing lower levels. Further, pick up in demand from beer and cattle-feed industries and restricted supply in physical markets too supported the prices. However, hopes of strong harvest limited the gains. The contract for June delivery was trading at Rs 1304.00, up by 0.93% or Rs 12.00 from its previous closing of Rs 1292.00. The open interest of the contract stood at 15550.00 lots. The contract for July delivery was trading at Rs 1331.00, up by 0.91% or Rs 12.00 from its previous closing of Rs 1319.00. The open interest of the contract stood at 2650.00 lots on NCDEX.