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Barley prices dropped by Rs 16 to Rs 1,347 per quintal in future trading owing to increased selling by traders in line with weak spot markets on low demand.
Marketmen said persistent selling by traders, triggered by increased supplies from producing regions against slackned demand in physical markets, mainly led the fall in barley prices in futures trade.
At the National Commodity and Derivatives Exchange counter, barley prices for July delivery declined by Rs 16, or 1.17 per cent to Rs 1,347 per quintal, with an open interest of 5,370 lots.
August barley followed suit, losing Rs 14, or 1.01 per cent to Rs 1,371 per quintal, in an open interest of 8,800 lots.
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