Castorseed prices softened by Rs 26 to Rs 4,480 per quintal in futures trade today following increased selling by traders on the back of lower spot market cues.
Marketmen said increased supply against reduced offtake in the physical markets mainly led to the decline in castorseed futures prices.
In addition, sluggish demand from industrial oil making industries influenced the trading sentiments.
At the National Commodity and Derivatives Exchange, castorseed prices for delivery at Disa-Gujarat in November moved down by Rs 26, or 0.58%, to Rs 4,480 per quintal, with an open interest of 18,120 lots.
The October contract declined by Rs 5.50, or 0.12%, to Rs 4,590 per quintal, with an open interest of 12,560 lots.