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Barley prices closed higher by 0.18 per cent on Thursday at 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 December 2012 contract closed at Rs. 1,415.5 per quintal, up by 0.18 per cent, after opening at Rs. 1,422 against the previous closing price of Rs. 1,413. It touched the intra-day high of Rs. 1,427.

Barley prices closed higher by 1.38 per cent on Saturday at the National Commodity & Derivatives Exchange Limited as a result of strong demand from beer and cattle-feed making industries against restricted supply in physical markets.

Selling is likely to continue in barley market on the account of strong production in the current year along with steady stockiest liquidation during the monsoon.

Prices of Barley closed low by 1.08 per-cent yesterday 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 fell down in the requirement from beer and cattle-feed makers.