Barley down 1.7% on increased selling

September contracts slipped by 1.6%

Barley prices fell by Rs 24.50 to Rs 1,365 per quintal in future trading today on increased selling by traders driven by weak physical markets sentiment.

Marketmen said accelerating supply and fall in demand at existing higher levels in spot markets mainly put weight on futures prices of barley.

Fall in demand from beer and cattle feed making industries also support the downtrend, they said.

At the National Commodity and Derivatives Exchange, barley for near October dropped by Rs 24.50, or 1.76% at Rs 1,365 per quintal in an open interest of 14,170 lots.

September contracts also slipped by Rs 22.50, or 1.66% to Rs 1,335 per quintal, showing an open interest of 10,570 lots.