Business Standard

Barley futures decline on rising stocks

Image

Press Trust of India New Delhi

Barley prices were down by Rs 10.50 to Rs 1,401 per quintal in futures trade today as participants indulged in trimming bets in line with a weak trend at the physical markets.

Marketmen said cutting down of bets by participants amid mounting stocks at the spot markets pulled down barley prices at futures trade here.

At the National Commodity and Derivatives Exchange, barley for May contracts dropped by Rs 10.50 or 0.74 per cent to Rs 1,401 per quintal, with an open interest of 10,970 lots.

The delivery in June also fell by Rs 8.50 or 0.59 per cent to Rs 1,423 per quintal, clocking an open interest of 5,300 lots.

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 27 2018 | 12:05 PM IST

Explore News