 "Castorseed sheds 1.63% on weak spot market")
Castorseed prices fell by Rs 80 to Rs 4,827 per quintal in futures trading today as participants trimmed positions amid a weakening trend in spot markets.
At the National Commodity and Derivative Exchange, castorseed prices for delivery in far-month January contracts fell by Rs 80, or 1.63 per cent, to Rs 4,827 per quintal and open interest were showed in 1,05,350 lots.
The December contract traded Rs 75, or 1.55 per cent, lower at Rs 4,755 per quintal in an open interest of 3,04,270 lots, while November month contract was down by Rs 61, or 1.28 per cent, to Rs 4,703 per quintal in an open interest of 4,640 lots.
Marketmen said the fall in castorseed prices was mostly in line with a weak trend at spot markets due to sluggish domestic and export demand amid increased supplies from growing regions at higher levels.
At the National Commodity and Derivative Exchange, castorseed prices for delivery in far-month January contracts fell by Rs 80, or 1.63 per cent, to Rs 4,827 per quintal and open interest were showed in 1,05,350 lots.
The December contract traded Rs 75, or 1.55 per cent, lower at Rs 4,755 per quintal in an open interest of 3,04,270 lots, while November month contract was down by Rs 61, or 1.28 per cent, to Rs 4,703 per quintal in an open interest of 4,640 lots.
Marketmen said the fall in castorseed prices was mostly in line with a weak trend at spot markets due to sluggish domestic and export demand amid increased supplies from growing regions at higher levels.