Barley prices up in Jaipur as arrivals decline.

Barley prices were up in Jaipur, due to a decline in supply of the grain coupled with an increase in demand from stockists and feed sector. New crop arrivals of barley were estimated at 50,000 bags (1bag=85kg) compared with 90,000 bags. Supplies are lower because farmers are holding back their produce in the expectation of prices to rise in the coming days. A pickup in demand from malt companies following the onset of summer also supported barley prices. The most active April contract of barley traded up 1.3% from the previous close.