Barley futures extend weakness, down Rs 46.50 per quintal

Barley prices fell by Rs 46.50 to Rs 1,845.50 per quintal in futures trading today on continued trimming of positions by speculators, triggered by weak trend at the physical markets.

Marketmen said, a subdued trend at the domestic spot market due to slackened demand from beer makers, led to the fall in barley prices at futures trade here.

At the National Commodity and Derivatives Exchange, barley for delivery in January dipped Rs 46.50 or 2.46 per cent to Rs 1,845.50 per quintal, with an open interest of 70 lots.

Also, barley for delivery in January was trading lower by Rs 37 or 2.02 per cent to Rs 1,791.50 per quintal, in an open interest of 1,030 lots.