Barley prices weakened by Rs 23 to Rs 1,440 per quintal in future trade today as traders reduced exposure, tracking a weak trend at the domestic spot markets.
Market players said trimming of positions by participants amid a weak trend at the spot markets due to reduced demand from beer makers, led to the fall in barley prices in futures trade here.
At the National Commodity and Derivative Exchange, barley for delivery in far-month August month drifted lower by Rs 23 or 1.57 per cent to Rs 1,440 per quintal, with an open interest of 110 lots.
The most traded first contract July month delivery lost Rs 16.50 or 1.15 per cent to Rs 1,414 per quintal, having an open interest of 8,020 lots.
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