Castorseed prices dropped by Rs 98 to Rs 4,270 per quintal in future trade today following heavy selling by traders at existing higher levels.
Marketmen said increased supply and reduced offtake in spot markets mainly sparked profit booking here in future price of castorseed.
At National Commodity and Derivatives Exchange, January castorseed fell by Rs 98, or 2.24 per cent to Rs 4,270 per quintal, with an open interest of 180 lots.
The October contract declined by Rs78.50, or 1.69 per cent to Rs 4,565 per quintal, clocking an open interest of 12,890 lots, while the current September contract eased by Rs 8.50 or 0.18 per cent to Rs 4,790 per quintal, with an open interest of 3,770 lots.