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Barley prices declined by Rs 16 to Rs 1,323 per quintal in futures trade today on fresh selling by traders, driven by weak physical market sentiments.
Marketmen said accelerating supply against fall in demand in spot markets, mainly put weight on futures price of barley.
Fall in demand from beer and cereal making industries was another dampening factors, they said.
At the National Commodity and Derivatives Exchange, barley price for October month dropped by Rs 16, or 1.19% at Rs 1,323 per quintal, with an open interest of 10,320 lots.
Prices for September month also drifted by Rs 15.50, or 1.18% to Rs 1,296.50 per quintal, showing an open interest of 18,470 lots.
