Barley closes lower on profit taking
13/01/2015 10:09
Barley prices closed lower by 1.16 per cent on Monday 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. Sentiment weakened further on account of a surge in the arrivals of the commodity along with the sluggish demand on higher levels. At the NCDEX, barley futures for January 2015 contract closed at Rs. 1,616 per quintal, down by 1.16 per cent, after opening at Rs. 1,334 against the previous closing price of Rs. 1,335. It touched the intra-day low of Rs. 1,616.
13/01/2015 10:09
Barley prices closed lower by 1.16 per cent on Monday 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. Sentiment weakened further on account of a surge in the arrivals of the commodity along with the sluggish demand on higher levels. At the NCDEX, barley futures for January 2015 contract closed at Rs. 1,616 per quintal, down by 1.16 per cent, after opening at Rs. 1,334 against the previous closing price of Rs. 1,335. It touched the intra-day low of Rs. 1,616.
