Barley prices moved down by 1.10 per cent to Rs 1,490 per quintal in futures market today as speculators reduced exposure amid easing demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, barley for delivery in December traded lower by Rs 16.50, or 1.10 per cent, to Rs 1,490 per quintal with an open interest of 530 lots.
Market players said cutting down of positions by participants on the back of easing demand from consuming industries in the physical market against sufficient stocks position, mainly weighed on barley prices at futures trade.
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