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Barley futures down 1.18% on subdued spot demand

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Press Trust of India New Delhi
Barley was down by Rs 14 to Rs 1,177 per quintal in futures trade today, tracking a weak trend at the physical markets on subdued demand.

At the National Commodity and Derivatives Exchange, barley prices for delivery in September contracts eased by Rs 14, or 1.18 per cent to Rs 1,177 per quintal, with an open interest of 3,030 lots.

Also, most-active August month delivery also declined by Rs 11.50, or 0.99 per cent to Rs 1,154 per quintal and open interest stood of 20,470 lots.

Markemtmen said fall in barley prices futures trade was mostly in line with a weak trend at the spot markets on slackened demand from cattle-feed and beer makers amidst increased supplies from growing regions.

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First Published: Jul 27 2015 | 12:42 PM IST

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