Barley futures turn down on profit booking

Barley succumbed to profit- booking by participants at higher levels and prices fell by Rs 5.50 to Rs 1,476 per quintal in futures trade today.
Besides, a weak trend at the physical markets weighed on barley prices.
Marketmen said besides profit-booking by speculators, a weak trend at the spot markets on increased supplies against reduced offtake by beer and poultry feed makers, mainly weighed on barley futures prices.
At the National Commodity and Derivative Exchange, barley for delivery in September contracts fell by Rs 5.50 or 0.37 per cent to Rs 1,476 per quintal, with the business turnover of 4,340 open lots.