 "Barley futures fall on lower physical sentiment")
Barley prices drifted by Rs 17 to Rs 1,434 per quintal in futures trade today as speculators trimmed their positions amid rising stockpiles in the spot market.
Marketmen said mounting stocks in the spot markets following increased supplies from growing regions mainly put weight on futures prices of barley.
Further, poor demand from beer makers and other consuming industries also put pressure on the prices, they said.
Prices for August delivery slipped by Rs 15.50, or 1.09% to Rs 1,405.50 per quintal, witnessing an open interest of 12,240 lots.
Most active July contract, too, softened by Rs 12.50, or 0.90%, to Rs 1,381 per quintal, having an open interest of 21,790 lots.
Marketmen said mounting stocks in the spot markets following increased supplies from growing regions mainly put weight on futures prices of barley.
Further, poor demand from beer makers and other consuming industries also put pressure on the prices, they said.
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At the National Commodity and Derivatives Exchange, barley for delivery in September dropped by Rs 17, or 1.17%, to Rs 1,434 per quintal, showing an open interest of 810 lots.
Prices for August delivery slipped by Rs 15.50, or 1.09% to Rs 1,405.50 per quintal, witnessing an open interest of 12,240 lots.
Most active July contract, too, softened by Rs 12.50, or 0.90%, to Rs 1,381 per quintal, having an open interest of 21,790 lots.