Business Standard

Barley futures fall on low spot demand; higher supply

Image

Press Trust of India New Delhi
Barley prices were down by Rs 13 to Rs 1,190 per quintal in futures trading today as participants reduced their exposures amdist subdued spot demand against higher suppliles.

At the National Commodity and Derivatives Exchange, barley for delviery in far-month May contracts eased by Rs 13 or 1.08 per cent to Rs 1,190 per quitnal with an open interest of 1,820 lots.

On similar lines, delivery in April month contracts moved down by Rs 12, or 1.01 per cent to Rs 1,176 per quintal, in an open interest of 3,510 lots.

Marketmen said offloading of positions by speculators, trigered by low demand agaisnt higher supplies in the spot markets in view of approaching harvesting season, led to the fall in barley prices at future trading.

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

First Published: Feb 10 2015 | 12:35 PM IST

Explore News