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Barley futures extend losses on adequate supply

03 Dec 2013 Evaluate

Barley futures extended their losses on NCDEX on account of reduced offtake by consuming industries against adequate supplies in physical markets. Slackness in demand from beer and cattle-feed making industries also weighed on the prices.

The contract for December delivery was trading at Rs 1348.50, down by 0.04% or Rs 0.50 from its previous closing of Rs 1349.00. The open interest of the contract stood at 6270.00 lots.

The contract for January delivery was trading at Rs 1398.50, down by 0.04% or Rs 0.50 from its previous closing of Rs 1399.00. The open interest of the contract stood at 2710.00 lots on NCDEX.

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