Castor seed futures fall by Rs 34 per quintal

Castor seed prices rolled down by Rs 34 to Rs 4,427 per quintal in futures trading today on trimming of holdings by operators in tune with falling demand at physical markets.
Marketmen attributed the downfall in castor seed future prices to weakening of demand at spot markets for soap, paint and lubricant industries amid constant supplies from growing regions.
At the National Commodity and Derivative Exchange, castor seed delivery for the most traded January month contract drifted lower by Rs 34 or 4,427 per quintal, with an open interest of 73,470 lots.
Likewise, the delivery for February contract slipped by Rs 32 or 0.71 per cent to Rs 4,470 per quintal, showing an open interest of 10,980 lots.