Barley prices drifted by Rs 14.50 to Rs 1,172.50 per quintal in futures trading today as traders reduced their exposure, tracking a weak trend at spot markets on low demand against supply pressure.
Marketmen attributed fall in barley prices at futures trade to a weak trend at the physical market due to low demand at prevailing levels amid higher supplies.
At the National Commodity and Derivatives Exchange, barley for delivery in August contract dropped by Rs 14.50, or 1.22 per cent to Rs 1,172.50 per quintal, with an open interest of 21,500 lots.
Also, barley for delivery in September was trading down by Rs 13.50, or 1.12 per cent to Rs 1,196.50 per quintal, in an open interest of 2,380 lots.
