 "Barley prices down by 1.4%")
Barley prices lost Rs 21 at Rs 1,405 per quintal in futures trade today as speculators reduced their positions due to mounting stocks in spot market against restricted buying.
Marketmen said besides rising stocks position, reduced offtake in spot markets mainly attributed to the fall in prices.
At the National Commodity and Derivatives Exchange, barley for delivery in September declined by Rs 21,or 1.47%, to Rs 1,405 per quintal, with an open interest of 810 lots.
Prices for July contract also fell by Rs 11, or 0.81%, to Rs 1,348 per quintal, in 18,660 lots.
Marketmen said besides rising stocks position, reduced offtake in spot markets mainly attributed to the fall in prices.
At the National Commodity and Derivatives Exchange, barley for delivery in September declined by Rs 21,or 1.47%, to Rs 1,405 per quintal, with an open interest of 810 lots.
Prices for July contract also fell by Rs 11, or 0.81%, to Rs 1,348 per quintal, in 18,660 lots.
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