Barley falls on selling pressure

Barley prices fell by Rs 31.50 to Rs 1,548 per quintal in the futures trading today as traders preffered to off-load their holdings on the back of increased supply and reduce offtake in physical markets.

Marketmen said rising inventories and slackness in demand in spot markets largely led the fall here in futures price of barley.

At the National Commodity and Derivatives Exchange, barley price in June slipped by Rs 31.50, or 1.99%, to Rs 1,548 per quintal, with an open interest of 100 lots.

The most active April contract shed Rs 28, or 1.80%, to Rs 1,528.50 per quintal, having an open interest of 3,460 lots.