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.