Barley prices turned weak by Rs 33.50 to Rs 1,568.50 per quintal in futures trading today on emergence of profit-booking at higher levels, driven by weak physical markets sentiment.
Marketmen said rise in supply coupled with fall in demand on higher levels, mainly put weight on futures prices of barley.
Poor offtake by beer and cattle-feed makers also influenced the trading sentiments, they added.
At the NCDEX, the July contract weakened by Rs 33.50, or 2.09%, to Rs.1,568.50 per quintal, with an open interest of 1,640 lots.
The June contract looked down by Rs.25, or 1.61%, to Rs 1,525.50 per quintal, showing an open interest of 21,890 lots, while the current May month leaned down by Rs 20.50, or 1.36% to Rs 1,490 per quintal in 22,170 lots.
