Barley futures edge lower on weak demand

Barley futures edged lower 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 industries at higher levels in physical markets also supported the downside. The contract for June delivery was trading at Rs 1302.00, down by 0.65% or Rs 8.50 from its previous closing of Rs 1310.50. The open interest of the contract stood at 15280.00 lots. The contract for July delivery was trading at Rs 1329.00, down by 1.01% or Rs 13.50 from its previous closing of Rs 1342.50. The open interest of the contract stood at 3030.00 lots on NCDEX.