Barley futures traded lower on NCDEX following offloading of positions by traders amid mounting stocks on the back of higher supplies in spot markets. Besides, weak demand from beer and cattle feed making industries also weighed on the commodity prices.
The contract for June delivery was trading at Rs 1292.50, down by 0.35% or Rs 4.50 from its previous closing of Rs 1297.00. The open interest of the contract stood at 10720.00 lots.
The contract for July delivery was trading at Rs 1318.00, down by 0.34% or Rs 4.50 from its previous closing of Rs 1322.50. The open interest of the contract stood at 8390.00 lots on NCDEX.
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