Barley future drops on weak spot trend
At the National Commodity and Derivatives Exchange, barley prices for current June contract dropped by Rs 21.50 to Rs 1,370 per quintal.
By PTI | Updated:
NEW DELHI: Barley prices fell by Rs 21.50 per quintal in thin trade at the future trading on Monday on the back of weak spot markets sentiment.
Marketmen said reduced offtake by consuming industries against adequate supplies in physical markets mainly weighted on future prices.
Slackness in demand from beer and cattle-feed making industries too helped in pulling down trading sentiments.
At the National Commodity and Derivatives Exchange, barley prices for current June contract dropped by Rs 21.50, or 1.55 per cent, to Rs 1,370 per quintal, with an open interest of 1,880 lots.
Most active July contract fell by Rs 20, or 1.42 per cent, to Rs 1,406 per quintal, in an open interest of 26,840 lots.
Marketmen said reduced offtake by consuming industries against adequate supplies in physical markets mainly weighted on future prices.
Slackness in demand from beer and cattle-feed making industries too helped in pulling down trading sentiments.
At the National Commodity and Derivatives Exchange, barley prices for current June contract dropped by Rs 21.50, or 1.55 per cent, to Rs 1,370 per quintal, with an open interest of 1,880 lots.
Most active July contract fell by Rs 20, or 1.42 per cent, to Rs 1,406 per quintal, in an open interest of 26,840 lots.
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