Barley dips on profit booking

Low demand from beer making industries influenced the price

Barley prices slipped by Rs 15 to Rs 1,336.50 per quintal in future trading today following profit booking at existing higher levels.

Marketmen said selling pressure on higher levels mainly pulled down barley prices.

Fall in demand from beer making industries due to ongoing cold-wave too influenced trading sentiments, they added.

At the National Commodity and Derivatives Exchange, the January contract dropped by Rs 15, or 1.11% to Rs 1,336.50 per quintal, with open interest of 7,430 lots.

April month contract also followed suit and fell by Rs 10.50, or 0.73% to Rs 1,421 per quintal, in open interest of 2,820 lots.