Castor seed prices turned down by Rs 43 to Rs 4,140 per quintal in futures trading today on profit selling by operators depressed by weak physical sentiments.
Market players said speculators were interested in booking profits at prevailing levels in view of falling prices at the spot markets due to the withdrawal of support and gearing up in supplies from growing regions at higher levels, which reflected down trend in castor seed futures prices.
At the National Commodity and Derivative Exchange platform, castor seed delivery for the immediate contract March weakened by Rs 43 or 1.03 per cent to Rs 4,140 per quintal, in an open interest of 1,410 lots.
The delivery of the most traded near contract April also receded by Rs 23 or 0.55 per cent to Rs 4,185 per quintal, clocking an open interest of 55,960 lots.
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