Barley down 1.5% on profit-booking

Near June contract slipped by 1.34%

Barley prices dropped by Rs 21.50 to Rs 1,392 per 100 kilo in futures trading today on the back of all round selling by traders, driven by weak spot markets sentiments.

Marketmen said pick up in supply and slackness in demand at higher levels in physical markets, mainly led to the fall in futures markets.

At the National Commodity and Derivatives Exchange, barley prices for July contract dropped by Rs 21.50, or 1.52%, to Rs 1,392 per 100 kilo, with an open interest of 450 lots.

Near June contract slipped by Rs 18.50, or 1.34%, to Rs 1,360.50 per quintal, having an open interest of 9,180 lots.

May contract also lost Rs 16, or 1.18%, at Rs 1,338 per quintal, in an open interest of 9,150 lots.