Barley prices drifted lower by Rs 14 to Rs 1,481 per quintal in futures trade today as traders cut down their holdings in line with subdued physical markets.
Marketmen said the fall in barley prices at futures market was mostly attributed to a weak trend at the physical markets due to ample stocks on increased arrivals from producing belts amid slackness in demand from beer-making industries.
At the National Commodity and Derivatives Exchange, barley for the most-traded delivery in August dropped by Rs 14 or 0.94 per cent to Rs 1,481 per quintal, with an open interest of 8,000 lots.
Similarly, the delivery of the July fell by Rs 11 or 0.74 per cent to Rs 1,470 per quintal, with the business turnover of 7,810 open lots.
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