Castorseed futures slide on subdued physical cues

Castorseed prices dropped by Rs 49 to Rs 4,572 per quintal in futures trade today following offloading of positions by speculators in the wake of weak trend at the physical markets.
Marketmen attributed the fall in castorseed prices in futures trade to offloading of positions by participants driven by a weak trend at the spot markets due to weak demand.
At the National Commodity and Derivatives Exchange, castorseed for delivery this month slipped by Rs 49, or 1.08 per cent, to Rs 4,572 per quintal, clocking an open interest of 1,810 lots.
The delivery for the most-traded September too eased by Rs 23, or 0.50 per cent, to Rs 4,662 per quintal, depicting an open interest of 75,220 lots.