Barley futures decline on selling pressure
At the NCDEX, barley for June contract dipped by Rs 19.50, or 1.27 pc, to Rs 1,521.00 per quintal, having an open interest of 420 lots.
By PTI |
NEW DELHI: Barley prices dropped by Rs.19.50 to Rs 1,521 per quintal in future trading today on increased selling by traders on weak spot markets cues amid fresh supplies.
Marketmen said increased arrivals and sluggish demand in physical markets mainly led the fall in barley prices at futures markets.
At the National Commodity and Derivatives Exchange, barley for June contract dipped by Rs 19.50, or 1.27 per cent, to Rs 1,521.00 per quintal, having an open interest of 420 lots.
Most active April contract also eased by Rs 7, or 0.47 per cent, to Rs 1,486 per quintal, with an open interest of 5,490 lots.
Marketmen said increased arrivals and sluggish demand in physical markets mainly led the fall in barley prices at futures markets.
At the National Commodity and Derivatives Exchange, barley for June contract dipped by Rs 19.50, or 1.27 per cent, to Rs 1,521.00 per quintal, having an open interest of 420 lots.
Most active April contract also eased by Rs 7, or 0.47 per cent, to Rs 1,486 per quintal, with an open interest of 5,490 lots.
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