Barley prices declined by Rs 16 to Rs 1,452 per quintal in futures trading today after participants trimmed their holdings, driven by a weak trend at the physical markets.
At the National Commodity and Derivatives Exchange, barley for June delivery dropped by Rs 16, or 1.09 per cent, to Rs 1,452 per quintal, with an open interest of 7,530 lots.
Similarly, the delivery for July slipped by Rs 14, or 0.94 per cent, to Rs 1,481 per quintal, in an open interest of 590 lots.
Marketmen attributed decline in barley prices in futures trade to cutting down of positions by speculators amid a weak trend at the spot markets on persistent supplies form growing belts.
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