Barley futures slide 0.40% on weak cues

Barley prices drifted lower by 0.40 per cent to Rs 1,502 per quintal in futures trade today as participants indulged in reducing exposure amid easing demand in the spot market.
At the National Commodity and Derivative Exchange, barley for delivery in December shed Rs 6, or 0.40 per cent to Rs 1,502 per quintal with an open interest of 470 lots.
Marketmen said the weakness in the barley futures prices was attributed to offloading of holdings by participants on the back of tepid demand from consuming industries in the physical market.