Barley futures fall 1.31% on weak spot cues

Barley prices fell by Rs 21.50 to Rs 1,615.50 per quintal in futures trade today on heavy sell-off by participants amid weak physical markets cues.

Marketmen said subdued trend in the spot markets due to mounting stocks amid fall in demand from beer making industries, mainly discouraged traders. They preferred to off-load holdings, which led to fall in the barley futures prices.

At the National Commodity and Derivatives Exchange, barley delivery for the September contract dipped by Rs 21.50, or 1.31 per cent, to Rs 1,615.50 per quintal, with a business turnover of 6,120 open lots.

Also, the delivery of the immediate contract August dropped by Rs 13.50, or 0.84 per cent, to Rs 1,596.50 per quintal with an open interest of 5,060 lots.