Business Standard

Castorseed slips more than 1% on selling pressure

Weak physical markets due to higher arrivals take toll on the commodity

Jyotiraditya Scindia

Press Trust of India New Delhi
Castorseed prices fell by Rs 46 to Rs 3,578 per quintal in future trade today on speculators selling in line with weak physical markets cue.

Marketmen said tracking weak physical markets cue onincreased arrivals and slackness in demand, speculators indulged in booking profits.

At the National Commodity and Derivatives Exchange, castorseed for August delivery dipped by Rs 46, or 1.27 per cent to Rs 3,578 per quintal in open interest of 15,720 lots.

The most active June contract plunged by Rs 41, or 1.19 per cent, to Rs 3,392 per quintal, having an open interest of 1,54,800 lots.

The May contract shed Rs 36, or 1.08 per cent to Rs 3,287 per quintal in 20,270 lots.

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First Published: May 06 2013 | 3:35 PM IST

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