Barley prices hit lower circuit

Barley prices dropped to hit daily lower level of four per cent to Rs 1,167.50 per quintal.

Written by Agencies | New Delhi | Published: September 5, 2012 1:43 pm

Barley prices dropped to hit daily lower level of four per cent to Rs 1,167.50 per quintal in future trading today on heavy selling by traders,due to weak physical markets sentiment.

Marketmen said accelerating in supply coupled against fall in demand in spot markets,mainly put weight on future price of barley in futures markets.

At the National Commodity and Derivatives Exchange,barley price for current September month dropped by Rs 48.50,or 3.99 per cent,to Rs 1,167.50 per quintal,with an open interest of 12,200 lots.

Most active near October month contract also went down by Rs 32,or 2.51 per cent to Rs 1,244 per quintal,showing an open interest of 28,520 lots.

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