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09-May2019

Barley futures trade lower on rising stocks

Barley futures traded lower on NCDEX due to rising stocks on constant supplies from the producing belts and limited off take by beer makers. Further, low demand by the speculators triggered downward momentum.

The contract for May delivery was trading at Rs 1882.5, down 0.48% or Rs 9 from its previous closing of Rs 1891.5. The open interest of the contract stood at 2440 lots.

The contract for June delivery was trading at Rs 1889.5, down 0.47% or Rs 9 from its previous closing of Rs 1898.5. The open interest of the contract stood at 6840 lots on NCDEX.

 


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