Barley prices tumbled down by 1.95 per cent to Rs 1.407 per quintal in futures trade today after heavy liquidation made by the investors depressed by weak physical market sentiment.
Market players said traders were cutting down bets dragged down by sluggish demand from beer-making industries amid availability of stocks on constant supplies from growing regions in spot markets, which weighed on the sentiments in barley futures.
At the National Commodity and Derivatives Exchange platform, barley delivery for June fell by Rs 28, or 1.95 per cent, to Rs 1,407 per quintal with an open interest of 3,910 lots.
Similarly, the delivery of May contracts dropped by Rs 11.50, or 0.81 per cent, to Rs 1,407 per quintal with an open interest of 11,530 lots.