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Barley futures weakens on profit taking

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Press Trust of India New Delhi

Barley futures prices turned weak by Rs 2.80, or 0.25 per cent, to Rs 1,131 per quintal today following profit booking by traders, driven by weak spot markets cue.

Marketmen said traders were booking profits at every rise after the commodity in physical markets declined.

At the National commodity and Derivatives Exchange counter, barley prices for delivery in July-month contract eased by Rs 2.80, or 0.25 per cent, to Rs 1,131 per quintal, with an open interest of 13,160 lots.

August-month contract delivery too moved down in line with other contracts by Rs 2.40, or 0.21 per cent, to Rs 1,151 per quintal, with an open interest of 6590 lots.

 

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First Published: Jul 14 2010 | 2:49 PM IST

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