Barley futures trade lower on higher supplies

Barley futures traded lower on NCDEX due to offloading of positions by traders amid mounting stocks following higher supplies in spot markets. Moreover, slackness in demand at higher levels in physical markets also dampened the sentiments. The contract for May delivery was trading at Rs 1313.00, down by 0.08% or Rs 1.00 from its previous closing of Rs 1314.00. The open interest of the contract stood at 2900.00 lots. The contract for June delivery was trading at Rs 1338.00, down by 0.30% or Rs 4.00 from its previous closing of Rs 1342.00. The open interest of the contract stood at 14890.00 lots on NCDEX.