Barley futures extend losses on weak spot cues

Prices of barley moved down by Rs 21.50 to Rs 1,505.50 per quintal in futures trading today as participants indulged in reducing exposure largely in step with a weak trend at the physical markets on higher stocks following increased supplies.
At the National Commodity and Derivatives Exchange, barley for May delivery slipped by Rs 21.50, or 1.41 per cent, to Rs 1,505.50 per quintal, with an open interest of 6,230 lots.
In a similar fashion, barley for delivery in June remained under pressure and lost another Rs 12.50, or 0.81 per cent, to Rs 1,539.50 per quintal, having an open interest of 2,240 lots.

Marketmen said, persistent fall in barley prices was mostly attributed to cutting down of bets by participants following weakness in the physical markets on constant supplies from growing areas.