Barley future slips on profit-taking

Barley prices fell by Rs 20.50 to Rs 1,148 per quintal in future trading today as traders indulged in booking profits at prevailing levels.
At the National Commodity and Derivatives Exchange, barley for delivery in April month contracts dropped by Rs 20.50, or 1.75 per cent, to Rs 1,148 per quintal, clocking an open interest of 10,610 lots.
Similarly, most-active May month contracts moved down by Rs 14.50, or 1.24 per cent to Rs 1,156 per quintal, having an open interest of 11,430 lots.
Marketmen said emergence of profit-booking by speculators after yesterday's rise, mainly drove the market towards downward side.

Besides, increased supplies and slackness in demand from consuming industries in spot markets too weighed on prices, they said.