Castorseed prices extended losses by losing Rs 60 to Rs 3,861 per quintal in futures trading today on renewed selling by traders amid weak spot markets.
Marketmen said heavy production of castorseed in tandem with fall in export demand, mainly led to the decline in castorseed futures prices.
Reduced buying by stockists and consuming industries in the spot market also put pressure on the prices, they said.
At the National Commodity and Derivatives Exchange, January castorseed shed Rs 60, or 1.53%, to Rs 3,861 per quintal, with an open interest of 640 lots.
The November delivery declined by Rs 52, or 1.23%, to Rs 4,170 per quintal, with a trade volume of 22,920 lots.
Similarly, the prices for October delivery lost Rs 23.50, or 0.54%, to Rs 4,350 per quintal, with an open interest of 11,600 lots.