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Barley futures fall on weak spot demand

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Press Trust of India New Delhi
Barley prices were down by Rs 10.50 to Rs 1,419 per quintal in futures trade today after partricipants liquidated their holdings driven by subdued spot demand.

At the National Commodity and Derivative Exchange, barley for delivery in August slipped by Rs 10.50 or 0.73 per cent to Rs 1,419 per quintal, clocking an open interest of 6,420 lots.

The September month contract also eased by Rs 7.50 or 0.51 per cent to Rs 1,449 per quintal, having an open interest of 50 lots.

Marketmen said trimming of positions by participants amid a subuded trend at spot markets due to muted demand from beer makers and other consumers led to fall in barley futures.
 

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First Published: Jul 26 2017 | 12:57 PM IST

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