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Barley closes higher on strong demand

By Religare

Barley prices closed higher by 1.14 per cent on August 14, 2013 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 August 2013 contract closed at Rs. 1,237.5 per quintal, up by 1.14 per cent, after opening at Rs. 1,221 against the previous closing price of Rs. 1,223.5. It touched the intra-day high of Rs. 1,248


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.

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Story first published: Friday, August 16, 2013, 12:20 [IST]
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