Marketmen said traders were cutting bets constantly depressed by weak trend in spot markets, which kept the castor seed futures prices in the red zone for the second straight day today.
In spot market, sluggish demand for soap, paint and lubricant industries, along with constant supplies from producing regions, are keeping prices lower.
At the National Commodity and Derivative Exchange platform, castor seed delivery for February contracts dropped further by Rs 53 or 1.18 per cent to Rs 4,420 per quintal, with an open interest of 68,250 lots.
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