Castor seed prices dropped Rs 18 to Rs 4,141 per quintal in futures trade today due to profit-taking by participants amid a weak trend at the spot markets.
At the National Commodity and Derivative Exchange, castor seed to be delivered this month slipped by Rs 18, or 0.43 per cent, to Rs 4,141 per quintal with the open interest of 35,750 lots.
Likewise, the most-traded delivery in May declined by Rs 17, or 0.40 per cent, to Rs 4,196 per quintal with a business turnover of 39,300 open lots.
Marketmen attributed the fall in castor seed prices to profit-booking by participants at current levels coupled with a fall in demand from consuming industries.