Barley futures decline on weak domestic cue

Barley prices drifted by Rs 33 to Rs 1,266.50 per quintal in future trading today on fresh selling by traders in line with weak spot markets sentiment.
Marketmen said regular supply from growing regions against slackness in demand at higher levels in physical markets, mainly putting weight here on future prices.
At the National Commodity and Derivatives Exchange, barley prices for April contract fell by Rs 33, or 2.54 per cent to Rs 1,266.50 per quintal, with an open interest of 3,380 lots.
Far June contract dropped by Rs 32.50, or 2.43 per cent to Rs 1,304 per quintal in an open interest of 1,560 lots.

Most active May contract lost Rs 27.50, or 2.10 per cent to Rs 1,280 per quintal, in an open interest of 7,590 lots.