Business Standard

Thursday, December 26, 2024 | 11:31 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Barley down 1.5% on weak spot demand

Most active December contract slipped by 1.32%

Press Trust of India New Delhi
Barley prices fell by Rs 22.50 to Rs 1,405 per quintal in futures trade today following increased selling by traders, driven by weak spot markets sentiment.

Marketmen said slackness in demand from beer makers amid increased supply in physical markets mainly weighted prices.

Weak trend in overseas markets also influenced trading sentiments, they said.

At the National Commodity and Derivatives Exchange, barley for May  contract dropped by Rs 22.50, or 1.58%, to Rs 1,405 per quintal, with an open interest of 100 lots.

Most active December contract slipped by Rs 18, or 1.32%, to Rs 1,341 per quintal, having an open interest of 6,520 lots.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 29 2013 | 1:23 PM IST

Explore News