Barley prices declined by Rs 34 in futures trade today following profit booking by traders amid weak spot market sentiment.
Marketmen said apart from profit booking, increased supply and reduced offtake in physical markets mainly put pressure on future price of barley here.
At the National Commodity and Derivatives Exchange, the June delivery dropped by Rs 34, or 1.99%, to Rs 1,673 per quintal, with an open interest of 1,130 lots.
The April delivery lost Rs 26, or 1.58%, to Rs 1,615 per quintal, with an open interest of 6,150 lots.
In the May delivery, the prices fell by Rs 24.50, or 1.45%, to Rs 1,660 per quintal, with an open interest of 12,330 lots.
