Barley prices closed
lower by 1.28 per cent on Tuesday at the National Commodity &
Derivatives Exchange Limited (NCDEX) as the investors booked profits at
the higher on account of the weak physical markets and also due to the
fall in the demand from beer and cattle-feed makers. At the NCDEX,
barley futures for September 2015 contract closed at Rs. 1,197.5 per
quintal, down by 1.28 per cent, after opening at Rs. 1,210 against the
previous closing price of Rs. 1,213. It touched the intra-day low of Rs.
1,184.
Sentiment weakened further on account of a surge in the
arrivals of the commodity along with the sluggish demand on higher
levels.
Barley is a cereal grain derived from the annual grass
Hordeum vulgare. This widely adaptable crop is popular in temperate
areas where it is grown as a summer crop and tropical areas where it is
sown as a winter crop.
Read More - Agri Tips
