Barley slips further on weak physical cue

Barley prices extended losses by Rs 10.50 to Rs 1,441 per quintal in futures trade today as traders were liquidating positions continually in pressure of weak physical markets sentiment.
Marketmen said traders were cutting down their bets in line with weak spot markets, where prices remained in pressure of constant arrivals from producing belts amid selective lift by beer makers, which held prices in negative territory for the second straight day today.
At the National Commodity and Derivatives Exchange, barley delivery for the most active first contract June moved down further by Rs 10.50, or 0.72 per cent, to Rs 1,441 per quintal, with an open interest of 6,660 lots.

Likewise, the delivery for second contract July was down by Rs 6.50, or 0.44 per cent, to Rs 1,473 per quintal, in an open interest of 2,350 lots.