Barley falls 2.8% on stockist selling

Barley futures for July dropped by Rs 33, or 2.27% to Rs 1,421.50 per quintal in 110 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the April contract moved down by Rs 10.50, or 0.76% to Rs 1,374 per quintal in 5,120 lots.

Prices dropped due to stockist-selling at existing higher levels amid reports of higher production this season.

Increased supply in physical markets also led to the fall in prices.

Poor demand from beer and cattle feed making industries also helped bring down the trading sentiments, they added.