Barley futures decline on weak spot cues

NEW DELHI, June 8: Barley prices fell by Rs 14 to Rs 1,512 per quintal in futures trade today on cutting down of bets by the participants amid subdued physical demand.
Market players attributed the fall in barley futures to weak demand for beer making industries amid soaring stocks on constant supplies from growing belts in the spot market.
At the National Commodity and Derivatives Exchange, barley delivery for this month slid by Rs 14, or 0.92 per cent, to Rs 1,512 per quintal, with an open interest of 2,510 lots.
Also, the delivery of the near contact July edged down by Rs 4.50, or 0.30 per cent, to Rs 1,518 per quintal, in an open interest of 12,410 lots. (PTI)

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