Barley futures ease on weak spot demand

Barley prices softened by Rs 5 to Rs 1,629 per quintal in futures trade today as traders narrowed their holdings in sync with muted spot markets demand.

Marketmen said, weak demand for beer making industries, triggered by heavy stock on persistent supplies in the spot markets, exerted pressure on the barley futures prices.

At the National Commodity and Derivatives Exchange, barley for September traded lower by Rs 5, or 0.31 per cent, to Rs 1,629 per quintal, in an open interest of 3,920 lots.

Similarly, delivery for October declined by Rs 2, or 0.12 per cent, to Rs 1,668 per quintal, showing an open interest of 5,340 lots.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)