Barley futures prices turned weak by Rs 37 to Rs 1,145.20 per quintal today, following profit booking by traders in tandem with weak spot market sentiments.
Market analysts said apart from profit booking at prevailing high levels, increased supply and reduced offtake in physical markets, mainly put weight on barley futures prices.
Slackness in demand from beer making industries also influenced trading sentiments, they added.
At the National Commodity and Derivatives Exchange, October barley dropped by Rs 37, or 3.13%, to Rs 1,145.20 per quintal, with an open interest of 4,380 lots.
The November contract too slipped by Rs 24, or 1.99%, to Rs 1,180 per quintal, clocking an open interest of 420 lots.
