Barley prices closed higher by 1.38 per cent on Saturday at the National Commodity & Derivatives Exchange Limited (NCDEX) 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 November 2012 contract closed at Rs. 1,397 per quintal, up by 1.38 per cent, after opening at Rs. 1,378 against the previous closing price of Rs. 1,378. It touched the intra-day high of Rs. 1,397.
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.