Castor seed prices weakened by Rs 27 to Rs 0.58 per cent to Rs 4,640 per quintal in futures trade today after participants liquidated their bets, tracking a weak trend at the physical markets.
Marketmen attributed the fall in castor seed prices in futures trade to cutting down of bets by participants amid mounting stocks on consistent supplies from growing belts.
At the National Commodity and Derivatives Exchange, castor seed to be delivered this month declined by Rs 27 or 0.58 per cent to Rs 4,640 per quintal, clocking an open interest of 32,680 lots.
Also, the most-traded delivery in October eased by Rs 14 or 0.29 per cent to Rs 4,732 per quintal, having a business turnover of 1,29,850 lots.
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