Spot Market Update: Barley Sees Some Demand

Some demand is emerging in Barley now after a recent drop in prices. The commodity slipped amid good arrivals in major spot markets. Traders are expecting a lower Barley crop this season though. 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 1500 per quintal in Jaipur, almost unchanged on the day.