 "Castorseed down 1% on weak trend in spot market")
Castorseed prices were down by Rs 58 to Rs 3,910 per quintal in futures trade today as participants reduced their exposure amid a weak trend in the spot markets.
At the National Commodity and Derivatives Exchange, castorseed prices for delivery in current month fell by Rs 58 or 1.46 per cent to Rs 3,910 per quintal, with an open interest of 49,710 lots.
Also, delivery in September month contracts surrendered Rs 55 or 1.36 per cent to Rs 3,990 per quintal, clocking an open interest of 2,30,300 lots.
Marketmen said a weak trend at the spot markets due to sluggish demand from consuming industries, mainly led to fall in castorseed prices at futures trade.
At the National Commodity and Derivatives Exchange, castorseed prices for delivery in current month fell by Rs 58 or 1.46 per cent to Rs 3,910 per quintal, with an open interest of 49,710 lots.
Also, delivery in September month contracts surrendered Rs 55 or 1.36 per cent to Rs 3,990 per quintal, clocking an open interest of 2,30,300 lots.
Marketmen said a weak trend at the spot markets due to sluggish demand from consuming industries, mainly led to fall in castorseed prices at futures trade.