Castorseed futures fall on weak spot demand

Castorseed prices dropped by Rs 76 to Rs 4,442 per quintal in futures trading today on the back of weak physical markets demand.
Marketmen said increased supply and slackness in demand from consuming industries such as paint and lubricant mainly pulled down castorseed prices.
Fall in export demand also dampened the trading sentiments to some extent, they added.
At the National Commodity and Derivatives Exchange, castorseed for far June contract dipped by Rs 76, or 1.68 per cent, to Rs 4,442 per quintal with open interest of 330 lots.
Most active near March contract slided by Rs 53, or 1.24 per cent, to Rs 4,214 per quintal in 1,87,990 lots.

Current February contract also lost Rs 57, or 1.35 per cent, to Rs 4,165 per quintal, clocking an open interest of 15,440 lots.