After a 42% surge in 6 months, is more juice left in barley?
Barley prices jumped nearly 4 per cent on Tuesday, extending recent gains as market participants stared at supply disruptions on account of the coronavirus pandemic. NCDEX’s barley contract for April 20 delivery jumped by Rs 67 or 3.74 per cent to Rs 1,860 per 100 kilograms amid low volumes. With Tuesday’s gain, the crop took its cumulative gain to 19 per cent since March 17, and 42 per cent since October 4 last year as part of a broader trend.
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