Bearish trend remained unabated in barley futures, as prices fell further by Rs 11.80 or 1.03 per cent to Rs 1,129 per quintal in futures trade today on aggressive selling by traders and weak spot market sentiment.
Marketmen said ample supply amid weak demand from the beer and cattle-feed makers in the physical market kept prices down in futures market.
At the National Commodity and Derivatives Exchange, the barley prices for July-month contract dipped by Rs 11.80 or 1.03 per cent to Rs 1,129 per quintal, with an open interest of 17,340 lots.
Current June-month contract too followed suit and eased by Rs 2.80 or 0.25 per cent to Rs 1,113 per quintal, with an open interest of 2,230 lots.
