Barley prices drifted by Rs 121 to Rs 1,330 per quintal in futures trading today after speculators trimmed their positions amid rising stocks in the spot markets.
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 consuming industries also put pressure on the prices, they said.
At the National Commodity and Derivatives Exchange counter, barley prices for delivery in the June contract, to be delivered at Jaipur (Rajasthan) dropped by Rs 21, or 1.55%, to Rs 1,330 per quintal, with an open interest of 27,420 lots.
The July contract was down by Rs 19.50, or 1.41% to Rs 1,361 per quintal, with an open interest of 8,530 lots.
