Spot Market Update: Barley Slips, Near Term Tepidness Seen In Prices

Barley slipped amid improving arrivals. Traders are expecting a lower Barley crop this season but near term price action could be muted. The government hiked the MSP for barley by 6.4% (from Rs 1,325 per quintal to Rs 1,410 per quintal). Overall sentiments are still mixed and spot prices are currently lingering at Rs 1478 per quintal in Jaipur, down 0.37% on the day.