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Castorseed futures moves down on fresh selling

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Press Trust of India New Delhi

Castorseed prices tumbled by Rs 52.50, or 1.32 per cent, to Rs 3,930 per quintal in futures trade today, on speculators selling at prevailing higher levels.

Marketmen said increased supply in physical markets on stockists selling at higher levels, led to a fall in futures prices of castorseed.

However, strong festival demand somewhat capped the losses, they added.

At the National Commodity and Derivatives Exchange platform, castorseed prices for current September-month contract weakened by Rs 52.50, or 1.32 per cent, to Rs 3,930 per quintal, with an open interest of 1,270 lots.

October delivery also eased by Rs 25.50, or 0.65 per cent, to Rs 3,925 per quintal, with an open interest of 2,520 lots.

 

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First Published: Sep 09 2010 | 2:37 PM IST

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