Castorseed futures prices met with resistance at higher levels and dropped by Rs 57.50 to Rs 3,933 per quintal today on selling by treaders in line with a weak spot market sentiment.
Market experts said slackness in demand from consuming industries against heavy arrivals in spot markets mainly influenced trading sentiments here in futures.
At the Natioal Commodity and Derivatives Exchange, the December contract lost Rs 57.50, or 1.44%, to Rs 3,933 per quintal, clocking an open interest of 14,550 lots.
The January contract also dropped by Rs 39 or 1.05%, to Rs 3,690.50 per quintal, clocking an open interest of 2,820 lots.