Wednesday 28 May 2014

Barley futures decline on higher supplies

Barley futures declined on NCDEX on the back of all round selling by traders, driven by weak spot markets sentiments. Further, mounting stocks following higher supplies in spot markets also dampened the commodity prices.
The contract for June delivery was trading at Rs 1290.50, down by 1.22% or Rs 16.00 from its previous closing of Rs 1306.50. The open interest of the contract stood at 13180.00 lots.
The contract for July delivery was trading at Rs 1316.50, down by 1.39% or Rs 18.50 from its previous closing of Rs 1335.00. The open interest of the contract stood at 4910.00 lots on NCDEX.

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