Barley Ends Lower On Downbeat Demand

 

Barley prices closed lower by 1.28 per cent on Tuesday 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. At the NCDEX, barley futures for September 2015 contract closed at Rs. 1,197.5 per quintal, down by 1.28 per cent, after opening at Rs. 1,210 against the previous closing price of Rs. 1,213. It touched the intra-day low of Rs. 1,184.

 

Sentiment weakened further on account of a surge in the arrivals of the commodity along with the sluggish demand on higher levels.
 

Barley is a cereal grain derived from the annual grass Hordeum vulgare. This widely adaptable crop is popular in temperate areas where it is grown as a summer crop and tropical areas where it is sown as a winter crop.

 

Read More - Agri Tips

Continue reading →

MCX COMMODITY TIPS AND UPDATES FOR 22 MAY 2015

MCX COMMODITY TIPS: Barley prices closed higher by 0.63 per cent on Thursday 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 NCDEX, barley futures for June 2015 contract closed at Rs. 1,272.5 per quintal, up by 0.63 per cent, after opening at Rs. 1,265 against the previous closing price of Rs. 1,264.5. It touched the intra-day high of Rs. 1,278.

Chana prices closed lower by 0.23 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At NCDEX, chana futures for June 2015 contract closed at Rs. 4,694 per quintal, down by 0.23 per cent, after opening at Rs. 4,700 against the previous closing price of Rs. 4,705. It touched the intra-day low of Rs. 4,667.

Continue reading →