Castorseed down 1.5% on selling pressure

Marketmen said increased selling in physical markets against lower demand brought down the prices

Castorseed futures fell by Rs 56 to Rs 3,515 per quintal in futures trade today following increased selling by traders driven by weak spot market cues.

 

Marketmen said increased selling in physical markets against lower demand from paint, lubricant and soap making industries mainly brought down the prices.

 

At the National Commodity and Derivatives Exchange, castorseed for September contract dropped by Rs 56, or 1.57% to Rs 3,515 per quintal, clocking an open interest of 3,870 lots.

 

Most active near October contract slipped by Rs 58, or 1.57% to Rs 3,641 per quintal with an open interest of 1,57,480 lots.