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Castorseed declines 1% on weak spot market

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Press Trust of India New Delhi

Castorseed prices looked down by Rs 39 to Rs 3,826 per quintal in future trading today following increased selling by traders following weak spot markets sentiment.

Marketmen said heavy selling by traders, sparked by rising inventories and reduced offtake at prevailing higher levels in physical markets, mainly pulled down castorseed prices.

At the National Commodity and Derivatives Exchange, castorseed for delivery in March slipped by Rs 39, or 1.01% to Rs 3,826 per quintal, with an open interest of 11,880 lots.

The February contract shed Rs 23, or 0.57% to Rs 3,990 per quintal, clocking an open interest of 5,390 lots.

 

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First Published: Feb 16 2012 | 3:40 PM IST

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