Barley futures decline on NCDEX

Barley futures declined on NCDEX on fresh selling by traders in line with weak spot markets sentiment. Further, regular supply from growing regions against slackness in demand from beer and cattle-feed making industries at higher levels in physical markets also weighed on the prices. The contract for May delivery was trading at Rs 1320.00, down by 0.90% or Rs 12.00 from its previous closing of Rs 1332.00. The open interest of the contract stood at 7160.00 lots. The contract for June delivery was trading at Rs 1349.00, down by 0.37% or Rs 5.00 from its previous closing of Rs 1354.00. The open interest of the contract stood at 10600.00 lots on NCDEX.