Barley prices up in Jaipur on local demand, MSP hike.

Prices of barley rose in Jaipur following improved demand from domestic stockists and as the government had hiked the minimum support price of the coarse grain by 30 rupees per 100 kg. In Jaipur, the benchmark market for the commodity, the coarse grain was sold at 1,630 rupees per 100 kg, up 10 rupees from previous close. The Union Cabinet approved a hike in minimum support price for 2018-19 barley crop to 1,440 rupees per 100 kg. Supplies are negligible in the market due to low stocks with farmers. The new crop will be available from March.