Barley futures decline on profit-booking

New Delhi, Barley prices drifted lower by Rs 19 to Rs 1,562 per quintal in futures trading today as participants locked-in gains at existing higher levels amid a weak trend at the physical markets.

At the National Commodity and Derivative Exchange, barley for delivery in September was trading lower by Rs 19, or 1.20 per cent to Rs 1,562 per quintal, with an open interest of 10,640 lots.

On similar lines, delivery in current month contract fell Rs 17.50, or 1.13 per cent to Rs 1,535.50 per quintal, in an open interest of 5,460 lots. 

Marketmen said profit-booking by speculators at prevailing higher levels,driven by a weak trend at the physical markets due to muted demand, mainly led to fall in barley prices at futures trade here.

PTI