Barley futures plunge on weak spot cues

Image
Press Trust of India New Delhi
Last Updated : Oct 31 2017 | 12:48 PM IST
Barley prices were sharply down by Rs 26.50 to Rs 1,488.50 per quintal in futures trade today as participants indulged in trimming positions in the wake of subdued trend at the physical markets.
Marketmen said the weakness in the barley futures prices was attributed to offloading of holdings by participants in line with a weak trend at the physical markets on muted demand from beer makers amid increased supplies from growing belts in spot markets.
At the National Commodity and Derivative Exchange, barley for delivery in November slipped by Rs 26.50 or 1.75 percent to Rs 1,488.50 per quintal, with an open interest of 1,850 lots.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 31 2017 | 12:48 PM IST

Next Story