Castorseed prices plunged by Rs 51 to Rs 3,459 per quintal in future trading today as participants reduced their positions following higher supplies in the spot markets.
Marketmen attributed sharp fall in castorseed prices at futures trade to higher supplies in the spot market against reduced offtake.
At the National Commodity and Derivatives Exchange counter, castorseed for delivery in November slipped by Rs 51, or 1.45% to Rs 3,459 per quintal, having an open interest of 44,040 lots.
Similarly, the most-active December contract moved down by Rs 50, or 1.39% to Rs 3,539 per quintal, with an open interest of 95,660 lots.
