Barley prices dropped by Rs 31 to Rs 1,520 per quintal in futures trade today following heavy selling by traders in line with weak spot markets sentiment.
Marketmen said increased arrivals and reduced offtake in the physical markets, mainly led to the fall in future price of barley.
At the National Commodity and Derivatives Exchange, the May barley shed Rs 31, or 2%, to Rs 1,520 per quintal, with an open interest of 3,360 lots.
The April delivery too declined by Rs 29.50, or 1.92%, to Rs 1,504 per quintal, with an open interest of 4,430 lots.
