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04-Jul2017

Barley futures trade lower on fall in demand

Barley futures traded lower on NCDEX on fall in demand from beer makers and other industries at the spot market. Moreover, ample stocks position following higher supply from the producing regions too fuelled the downtrend.

The contract for July delivery was trading at Rs 1425.00, down by 0.56% or Rs 8.00 from its previous closing of Rs 1433.00.The open interest of the contract stood at 7640.00 lots.

The contract for August delivery was trading at Rs 1450.00, down by 0.79% or Rs 11.50 from its previous closing of Rs 1461.50. The open interest of the contract stood at 940 lots on NCDEX.


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