Barley futures plunge on spot sentiments

Barley prices tumbled down by Rs 20.50 to Rs 1,504 per quintal in futures trade today after heavy liquidations by the participants amid muted sentiments in the physical markets.
Marketmen attributed the downtick in barley futures prices to weakening spot markets due to the waning demand of barley from beer, poultry and cattle-feed industries.
At the National Commodity and Derivative Exchange counter, barley delivery for the November plummeted by Rs 20.50 or 1.34 percent to Rs Rs 1,504 per quintal, with the business turnover of 400 open lots.