Castor seed futures decline on muted spot cues

Castor seed prices drifted lower by Rs 41 to Rs 4,515 per quintal in futures trading today following trimming of positions by participants in tune with weak physical markets.
Marketmen said reducing of bets by participants, driven by lower spot markets sentiment, mainly weighed on castor seed prices in futures trade here.
At the National Commodity and Derivative Exchange, castor seed for the most-traded delivery in January contracts slipped by Rs 41 or 0.90 per cent to Rs 4,515 per quintal, in an open interest of 78,980 lots.
The delivery of the immediate contract for December also eased by Rs 30 or 0.67 per cent to Rs 4,465 per quintal and open interest stood at 3,460 lots.